The China Securities Journal carried an opinion piece on Wednesday, citing the Chinese analysts, as they foresee the People’s Bank of China (PBOC) easing monetary policy further.
Key Quotes:
“The 5bps reduction in the medium-term lending facility (MLF) rate by the PBOC yesterday sends a signal that the central bank may ease monetary policy further to help stabilize economic growth and the labor market.”
“Monetary easing is likely to be marginal and conducted at a slow pace, given that market rates are currently not high and the PBOC also needs to manage the currency, inflation and the goal of structural de-leveraging.”
- PBOC cuts interest rate on one-year MLF to 3.25% from 3.30%
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