Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

SocGen’s Yao Says China Rate Cut Shows More Accommodative Policy

Yao Wei, an economist at Societe Generale SA, comments on China’s decision to cut interest rates for the first time since 2008.

“This move comes before the weekend release of China’s May data, which might imply negative data surprises.”

“The further liberalization is more significant than the cut itself. Given the new floating band, deposit rates may actually rise to 3.575 percent. The lending rate can move to as low as 5 percent.”

“It is a very strong policy signal in two-fold. One, monetary policy definitely turning more accommodative to restore market confidence. Two, Beijing is not forgetting structural reforms.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.