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PBoC to ease further? - BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at Brown Brothers Harriman explained that the People’s Bank of China has been on hold since October 2015, when it cut policy rates 25 bp.

    Key Quotes:

    "The cumulative easing of 165 bp in the 1-year lending rate since November 2014 has had the desired impact, with new loan growth expanding significantly since mid-2015."

    "CPI rose 2.3% y/y in both February and March, the highest since mid-2014 but still below the targeted 3%. The economy continues to slow at a manageable pace, but further easing is likely this year if it gathers too much pace."
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