China Likely to Ramp Up Monetary, Fiscal Stimulus, Survey Shows

China is expected to cut interest rates again this year and ramp up fiscal stimulus to spur a faltering economy, according to economists surveyed by Bloomberg.

The People’s Bank of China will likely reduce the rate on its one-year policy loans — known as the medium-term lending facility — by 5 basis points to 2.6% in the final quarter of this year, according to the median estimate in the latest quarterly survey. It’s also expected to reduce the reserve requirement ratio for banks in the coming months, the forecasts show.