UBS Wealth Management: No need to read too deeply into recent China RRR cut

4 May 2018 | 2 minutes read

The PBoC’s one percentage point cut to the reserve requirement ratio (RRR) on 17 April was not expected by the market. However, UBS Wealth Management’s regional CIO and chief China economist, Yifan Hu, notes the bank does not anticipate any meaningful change to China’s prudent and neutral monetary policy, maintaining its annual growth forecast of 6.6%. “Our view is therefore…

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