ICYMI - UBS expect China rate cuts, RRR cut, more cash injections in H2 2023
UBS in response to the stimulus signals that came from China's Communist Party Politburo:
UBS are expecting the People’s Bank of China to potentially cutt policy rates by 10 basis points in H2 of this year:
- also expect the PBOC cut the reserve requirement ratio by 25bp
- and to inject more liquidity into the banking system via open market operations
UBS forecast all this to help boost year-on-year credit growth to 10% by Q4.
Shanghai Composite higher yesterday
This article was written by Eamonn Sheridan at www.forexlive.com.from Forexlive RSS Breaking News Feed https://ift.tt/DRO2Kqf
Analytic Dave
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