People’s Bank of China says an interest rate cut this year is likely at an appropriate time.
The main policy rate in China is the OMO reverse repo. This is currently at 1.5% and its this the PBoC says it’ll be cutting.
FT is gated, headlines via Reuters:
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Chinese central bank said it was likely it would cut interest rates
from the current level of 1.5 per cent “at an appropriate time”
in 2025 - People’s Bank of
China: to prioritise role of interest rate adjustments” & move
away from “quantitative objectives” for loan growth
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This article was written by Eamonn Sheridan at www.forexlive.com.
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