February 24, 2025 02:00 GMT
CHINA PRESS: China Needs RRR Cuts In 2025
CHINA PRESS
China is expected to reduce the required reserve ratio by between 0.5 to 1.0 percentage points throughout 2025, according to Lian Ping, chairman at the China Chief Economist Forum. Lian said more liquidity was needed to address a deficit increase of about CNY500 billion, ultra-long-term special treasury bonds of about CNY1 trillion and local special bonds of about CNY500 billion, as well as more financing demand from enterprises and residents. Lian noted the central bank's pivot to moderately loose policy has medium- to long-term considerations. (Source: Yicai)
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