Free Trial

It's almost impossible for the Fed to...>

CHINA PRESS
MNI (London)
CHINA PRESS: It's almost impossible for the Fed to raise interest rates in 2019,
giving the PBOC greater freedom to use interest rate cuts based on domestic
factors, said Deng Haiqing, chief economist at Wallstreet CN in his report
published on Thursday. Though interest rate cuts remain uncertain, the PBOC is
very likely to cut the reserve requirement ratio in March and April, given that
an RRR cut is no longer a sign of loose monetary policy, but merely a tool to
inject the base money and reduce the cost of bank funds, Deng added.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.