China's new yuan loans declined in July for the first time in 20 years, reports said citing data from the People's Bank of China on Wednesday.
New yuan loans declined CNY 50 billion in July, while economists expected lending to fall to CNY 300 billion from CNY 2.24 trillion in June. Earlier this week, the Ministry of Finance unveiled an interest subsidy policy on loans for both households and businesses.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.