Daiwa’s Lai Says More Monetary Easing to Follow China Rate Cut
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Kevin Lai, an economist at Daiwa Capital Markets, comments on China’s decision to cut interest rates for the first time since 2008.
“This was a response to what’s going on in Europe and the slowdown in China. There should be more cuts to the required reserve ratio and relaxation on credit policy. We expect them to do more in terms of monetary easing, credit policy and not so much about fiscal stimulus.”