Economists see China easing as just the start
They forecast more cuts to reserve requirements and benchmark interest rates by central bank
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Beijing
CHINA'S latest move in the global monetary-easing game may be just the start.
Economists from Deutsche Bank AG, Bank of America Corp and Nomura Holdings Inc are among those forecasting more cuts to reserve requirements and benchmark interest rates after the People's Bank of China (PBC) said on Wednesday that it is lowering lenders' reserve ratio by 50 basis points. That move may inject about 600 billion yuan (S$129.2 billion) into the economy.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
