{"id":63973,"date":"2022-04-15T11:31:14","date_gmt":"2022-04-15T07:31:14","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=63973"},"modified":"2022-04-15T11:31:18","modified_gmt":"2022-04-15T07:31:18","slug":"pboc-kept-interest-rates-unchanged-at-2-85","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/pboc-kept-interest-rates-unchanged-at-2-85\/04\/15\/market-updates\/","title":{"rendered":"PBOC kept interest rates unchanged at 2.85%."},"content":{"rendered":"\n<p>The People&#8217;s Bank of China kept its key interest rate unchanged in a surprise move, despite expectations of more stimulus, as Beijing is currently suffering from a spike in coronavirus cases.<\/p>\n\n\n\n<p>The People&#8217;s Bank of China said it kept the one-year medium-term loan rate unchanged at 2.85%.<\/p>\n\n\n\n<p>China is currently facing the worst outbreak of the Corona virus since the beginning of the epidemic in late 2019, as major cities such as Shanghai are closed.<\/p>\n\n\n\n<p>The mass shutdowns have raised expectations that GDP growth will fall below the government&#8217;s target of 5.5% for this year, leading some economists and analysts to expect a rate cut.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The People&#8217;s Bank of China kept its key interest rate unchanged in a surprise move, despite expectations of more stimulus, as Beijing is currently suffering from a spike in coronavirus cases. The People&#8217;s Bank of China said it kept the one-year medium-term loan rate unchanged at 2.85%. China is currently facing the worst outbreak of &hellip;<\/p>\n","protected":false},"author":9,"featured_media":32869,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[7037],"class_list":["post-63973","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-pboc"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/63973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=63973"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/63973\/revisions"}],"predecessor-version":[{"id":63974,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/63973\/revisions\/63974"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32869"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=63973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=63973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=63973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}