People wearing face masks walk past the headquarters of Chinese central bank People’s Bank of China (PBOC), April 4, 2020. REUTERS/Tingshu Wang/File Photo/File Photo
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SHANGHAI, Sept 14 (Reuters) – China’s central bank is widely expected to pause its monetary easing efforts and keep the medium-term policy rate steady this month, a Reuters survey showed, as widening policy divergence with the Federal Reserve could put further pressure on the Chinese yuan and risk capital outflows.
The People’s Bank of China (PBOC) surprised markets in August by lowering key interest rates to revive credit demand and prop up a slowing economy hurt by COVID-19 shocks.
Data since then has pointed to a further loss of momentum, with growing lockdowns weighing heavily on spending and confidence, and the property market mired in a deep slump. Some analysts say the economy could remain weak at least…
