* Rand pulls back from near 11-month highs

* Offshore yuan at 7-month low against dollar

* Focus on Brazil's real after c.bank hold rates

June 20 (Reuters) - Emerging market stocks were little changed on Thursday as investors weighed a series of central bank decisions, while South Africa's resurgent rand eased as the focus shifted to cabinet appointments under the new government.

The MSCI's EM equities index was flat, holding just below four-week highs hit in the prior session.

South African shares pulled back from February highs, although stock markets in Turkey, Hungary and Romania rebounded along with broader European markets.

China's main stock indexes slipped after Beijing left its key benchmark lending rates unchanged despite recent data showing the economy remains wobbly. The yuan touched a seven-month low at 7.2859 per dollar in offshore trading.

"On the policy front, we don't expect major breakthroughs but incremental measures in 24H2. The mid-year Politburo meeting could lead to another round of property support. We also pencil in two additional 10bps rate cuts in 24Q3E and 24Q4E," Citi analysts said about the possibility of more support for China's economy.

The rand dropped almost 1% after rising to near 11-month highs against the dollar on Wednesday.

South African President Cyril Ramaphosa was sworn in for a second term in office on Wednesday, with investors cautiously awaiting the make-up of his new government.

While investors have welcomed the inclusion of pro-business Democratic Alliance party, which wants to boost growth through structural reforms, analysts say sharp ideological divisions between the parties could make the government unstable.

The Hungarian forint eased against the euro.

Hungary's budget deficit could overshoot the government's target of 4.5% of gross domestic product in 2024 even after Prime Minister Viktor Orban announced the postponement of nearly $2 billion worth of investments, the central bank said.

The European Commission warned on Wednesday about disciplinary budget steps against seven European Union countries including Hungary over their excessive budget deficits.

Investors will keep an eye on Brazil's real after the central bank on Wednesday halted a rate-cutting cycle started last August in a unanimous decision.

The real is among the worst performing EM currencies this year as investors grow concerned about fiscal struggles in Brasilia and an outlook for more distant U.S. rate cuts.


** Indonesia central bank keeps rates unchanged despite rupiah worries

** Mexico's Sheinbaum vows responsible spending, defends judicial reform

For TOP NEWS across emerging markets

For CENTRAL EUROPE market report, see

For TURKISH market report, see

For RUSSIAN market report, see

(Reporting by Sruthi Shankar in Bengaluru Editing by Christina Fincher)