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China's central bank unexpectedly holds fire on rates as economy wobbles

Reuters  |  SHANGHAI 

SHANGHAI (Reuters) - China's central bank left borrowing costs for interbank loans unchanged on Thursday, a surprising decision that shrugged off the U.S. Federal Reserve's policy rate increase and came as data showed the world's second-biggest economy lost more steam than expected.The People's Bank of China's (PBOC) on-hold stance highlighted uncertainty about the economic outlook as policy makers try to steer through the challenge of a trade spat with the United States and a government-led clampdown on debt.U.S. President Donald Trump is set to meet with his top trade advisers on Thursday ...

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First Published: Thu, June 14 2018. 09:07 IST