Chinese Banks Boost Lending
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further monetary easingCNBC
•Business
Business & Economics
China’s bond yields are rising — but economists say deflation worries could soon pull them lower
88% Informative
Chinese commercial banks are jolting customers with record-low interest loans to spur lending, while economists caution that a recent rebound in government bond yields is not a sign of reflation in the real economy.
Several regional banks across the country have rushed to dole out cheaper consumption loans, heeding Beijing 's call to bolster spending.
Consumer sentiment is near record lows and credit demand from households and corporates are still anemic.
Chinese offshore yuan regained some ground against the U.S. dollar in recent weeks , after hitting a 16-month low in January .
It was last seen trading at 7.2478 against the greenback.
The PBOC has kept its benchmark 7-day reverse repo rate unchanged since September , defying expectations that the central bank would lower rates.
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