The Fed’s surprise move has increased expectations of rate cuts by other central banks, including the People’s Bank of China (PBoC). Analysts at Standard Chartered Bank expect the PBoC to ease but at its own pace. Key quotes “We believe China will continue to ease policy to revive business activity, but cutting in the medium-term lending facility (MLF) rate two months in a row is less likely.” “We expect the PBoC to rotate between cuts to the reserve requirement ratio (RRR) and MLF rate near-term.” “We estimate that the targeted RRR cut will unlock liquidity up to CNY 300bn, equivalent to a 15bps broad RRR cut, allowing the PBoC to save the MLF rate cut for Q2, likely in April.” “We think the window for a benchmark deposit rate cut will open in Q2, at the earliest, if production fails to return to normal capacity by end-March, or if a global recession becomes a real risk.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/DKK: A bounce bank relies on the ECB – Danske Bank FX Street 3 years The Fed’s surprise move has increased expectations of rate cuts by other central banks, including the People’s Bank of China (PBoC). Analysts at Standard Chartered Bank expect the PBoC to ease but at its own pace. Key quotes “We believe China will continue to ease policy to revive business activity, but cutting in the medium-term lending facility (MLF) rate two months in a row is less likely.” “We expect the PBoC to rotate between cuts to the reserve requirement ratio (RRR) and MLF rate near-term.” “We estimate that the targeted RRR cut will unlock liquidity up to CNY 300bn, equivalent… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.