Chinese Policymakers in Wait-And-See Mode on Easing, Report Says
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China’s monetary policymakers are in an “observation period” after the economy showed a strong start to 2024, according to state media, a signal the central bank won’t adjust rates in the coming months.
The People’s Bank of China isn’t expected to cut banks’ reserve requirement ratio or interest rates in the second quarter, Citic Securities analyst Ming Ming told the state-run Shanghai Securities News. Encouraging economic data and low expectations for the US Federal Reserve to cut rates soon were both factors cited in the Thursday report.