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China: More easing to come - ANZ

FXStreet (Bali) - ANZ thinks that last Friday's rate cut by China is a clear signal of more easing to come.

Key Quotes

"ANZ’s China team believes that the policy easing by the PBoC is a clear shift in the Bank’s monetary policy stance and is a clear signal of more easing to come, but argues the move in itself will have little impact on the real economy, with funding costs for banks likely to continue to rise, and banks likely to remain risk averse and reluctant to lend as bad debts continue to grow. As such, we think the PBoC will eventually cut the reserve requirement ratio in order to boost the economy and stave off deflation risks."

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