Free Trial

VIEW: Goldman Sachs No Longer Look For Policy Rate/RRR Cuts From PBoC

CHINA

After Friday’s RRR cut Goldman Sachs note that “according to the statement following the announcement, policymakers appear concerned about uncertainties around inflation and spillover effects from monetary policy tightening by major developed markets. Given the smaller-than-expected RRR cut and the central bank’s concerns over inflation and Fed hiking, we no longer expect a policy rate cut or a further RRR cut in our baseline.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@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.