China expected to trim main policy rate and lending benchmarks

SHANGHAI, Sept 19 (Reuters) - China is widely expected to trim its main policy and benchmark lending rates on Friday, a Reuters poll showed, after the Federal Reserve's outsized interest rate cut removed some of the risks around sharp yuan declines. Monetary policy divergence and a weakening Chinese yuan have been the key constraints limiting Beijing's efforts to loosen policy over the past few years. But with the U.S. central bank kicking off its monetary easing cycle with a larger-than-usual half-percentage-point reduction this week, analysts and traders believe Beijing has...