China is expected to keep its benchmark lending rates unchanged at the monthly fixing on Monday, as economic resilience reduces the need for further monetary easing. All 20 market watchers surveyed by Reuters anticipate both the one-year and five-year Loan Prime Rates to remain steady. Data showing GDP growth slightly above expectations supports this decision. ING’s chief China economist suggests one more interest rate cut and reserve requirement ratio cut by year-end. The Politburo meeting later this month will shape economic policy for the rest of the year, focusing on targeted easing measures to address property and labor market issues. China’s home prices fell the fastest in eight months in June, highlighting the challenges in boosting demand despite support measures.

Read more at Yahoo Finance: China expected to keep lending rates steady, focus turns to Politburo meet