China May Cut Reserve Ratio: Credit Agricole

China may cut reserve requirements for banks as early as this month, Credit Agricole CIB said in an e-mailed note.

Data from the People’s Bank of China indicated “less liquidity in the interbank market than we had expected,” said Hong Kong-based strategist Dariusz Kowalczyk. “This raises the odds” of a reserve-ratio cut in November or December, he said.

To contact the reporter on this story: Li Yanping in Beijing at yli16@bloomberg.net

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net

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