SINGAPORE — China’s central bank has eased a key constraint on bank lending while keeping benchmark interest rates unchanged, moves that economists say will do little to boost growth in an economy battling its worst. Covid-19 epidemic since the start of the pandemic.
The limited effort involves large-scale monetary stimulus of the kind seen in 2020 at the start of the pandemic and after the 2008-09 financial crisis may not be repeated this year, economists said, placing the blame on the government. to support faltering growth. with a sharp increase in expenses.