UBP expects two more 50 bps RRR cuts in China

27 July 2018 | 1 minute read

UBP expects markets to see two more 50 bps reserve requirement ratio (RRR) cuts in China over the second half of 2018 amid a period of gradual economic easing. With China satisfied with the results of its deleveraging campaign, UBP noted that this is not the right time for the country to compensate through accelerated expansionary policies. “Fiscal measures will become…

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