According to an editorial piece published by the China Securities Journal on Wednesday, the People’s Bank of China (PBOC) is expected to leave the required reserve ratio unchanged this year and cut in Q1 of 2020.
Additional Quotes:
Current liquidity is sufficient because of surging fiscal spending at the end of the year.
Short-term interest rates are also dropping, although the central bank has not injected liquidity through open market operations for 10 days.
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