China May Cut Reserve Requirement Ratios In April: Daily

China may make a full-scale or targeted cut to banks’ reserve requirement ratios in April to boost liquidity and further stabilize growth, the Securities Daily said citing analysts. There is a narrowing window for China to cut its lending rates, as the U.S. Federal Reserve is expected to further raise the interest rate by 50 bps and begin shrinking the balance sheet in May, the newspaper said. Growth in China's new loans in March may slow y/y, estimated at CNY2.2 trillion, continuing a slowdown in February, as policy-driven effects weaken, while loans by residents and companies may not improve significantly, the newspaper said citing researcher Tao Jin of Suning Institute of Finance.