China’s Biggest Money Fund Expects Further PBOC Loosening
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China’s central bank is likely to loosen monetary policy further by rolling out measures to encourage lending, according to the nation’s biggest money-market fund.
The People’s Bank of China announced on Nov. 21 its first reductions in benchmark interest rates since 2012 to counter the slowest economic growth in 24 years. The move followed targeted measures to provide funds to some banks, and lower reserve requirements for selected lenders.