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ING’s Condon Says China Won’t Cut Rates After Reserve Ratio

Tim Condon, head of Asian research for ING Groep NV, comments on the People’s Bank of China’s announcement that it will cut the reserve requirement for the nation’s lenders by 0.5 percentage points effective Dec. 5.

The reserve requirement cut “signals that the PBOC’s interest rate hiking cycle is over. I don’t think it signals an interest rate cut.”

To contact Bloomberg News staff on this story: Victoria Ruan in Beijing at

To contact the editor responsible for this story: John Liu at jliu42@bloomberg.net

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