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Monday April 18, 06:11
China’s fiscal policy has no effect on bank lending
(by Roy Deng)

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China’s fiscal policy has no effect on bank lending China’s bank lending is not expected to benefit from the measured fiscal policy as loan demand in the country comes only from local governments and the private sector, according to central bank’s research bureau.

A report issued by People’s Bank of China research bureau and published in Financial News said that the monetary policy cannot be based only on interest-rate adjustments as the country maintains regulated rate regime.

The report also said there is no need to change rate regulations as it would have limited effect on local companies that are not sensitive to rate changes.

The People’s Bank of China raised key interest rates in late October for the first time in a nine-year period.
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