Economics
PBOC Expected to Adopt More Moderate Stimulus in 2019
- BNP flags need to prevent risks as stocks, property recover
- Benchmark, reverse repo rates to remain on hold: survey
A man talks on a mobile phone outside the People's Bank of China headquarters in Beijing.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
The People’s Bank of China is expected to ease policy less aggressively in 2019 compared with the previous year, while maintaining steady injections of liquidity, according to analysts.
The PBOC will continue to reduce the amount of money lenders have to put aside as reserves, with the earliest cut taking place next quarter and two others in the second half of this year, according to the median estimate of 39 economists and traders in concurrent Bloomberg surveys.