CITIC Securities expects PBOC will have a Required Reserve Ratio cut on Friday or Saturday, also, a rate cut in the near future can not be ruled out.
The policy order will be RRR-cut -> deposit rate adjustment -> rate cut.
#China #RRR #econtwtter 1/n
The policy order will be RRR-cut -> deposit rate adjustment -> rate cut.
#China #RRR #econtwtter 1/n
https://twitter.com/Sino_Market/status/1514202599100092416
Easing credit and lowering financing costs are remained key targets for proactive monetary policies this year amid the higher global and domestic uncertainties.
#China #EconTwitter 2/n
#China #EconTwitter 2/n
The recent Covid-19 shock will cast greater impacts on eastern coastal areas. Considering the virus-hit major provinces and cities contributing 40% of the total GDP, the lockdowns could have dragged the GDP growth by 1 percent point. #China #EconTwitter 3/n
More challenges we are facing in the second quarter, which largely depend on when we can achieve "Zero cases" on the society level.
#China #EconTwitter #Shanghai #Guangdong 4/n
#China #EconTwitter #Shanghai #Guangdong 4/n
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