Economists see China easing as just the start

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.