China's central bank said last week that it would adjust its monetary policy at the appropriate time to support the economy. Photo by BLOOMBERG
China left benchmark lending rates unchanged at the monthly fixing on Thursday, showing authorities are going slow with monetary stimulus as they prioritise financial and currency stability.
WHY IT'S IMPORTANT
A weakening yuan and narrowing net interest margins at commercial banks limit Beijing's monetary easing scope at a time when China is facing renewed trade tensions with a new Donald Trump administration in the United States.
BY THE NUMBERS