Analysts at Nomura note that on the heels of the recent reserve requirement ratio (RRR) cut from PBoC, which came into effect on 5 July, there have been further signs of policy easing in recent weeks. Key Quotes “It includes a possible postponement of the release of new rules on banks’ wealth management products (WMPs), adjustments to the anti-pollution campaign that was deemed too stringent in its past “one-size-fits-all” approach, and some softening in the government’s deleveraging drive.” “Faced with a domestic slowdown proving to be worse than expected and potential fallout from a trade war, we expect the government’s deleveraging efforts to be further softened and more proactive policy easing measures to be rolled out in H2.” “We maintain our call for a growth slowdown in H2 and another 100bp RRR cut this year. Despite a raft of incoming policy easing measures, we expect GDP growth to slow noticeably in H2 and we believe markets should steel themselves for strong headwinds and increased volatility.” 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 BoC: Bias to hike but a cautious approach – Rabobank FX Street 3 years Analysts at Nomura note that on the heels of the recent reserve requirement ratio (RRR) cut from PBoC, which came into effect on 5 July, there have been further signs of policy easing in recent weeks. Key Quotes "It includes a possible postponement of the release of new rules on banks' wealth management products (WMPs), adjustments to the anti-pollution campaign that was deemed too stringent in its past "one-size-fits-all" approach, and some softening in the government's deleveraging drive." "Faced with a domestic slowdown proving to be worse than expected and potential fallout from a trade war, we expect the government's… Top 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.
