RSS PBOC says interest rate cuts are likely in 2025 "at an appropriate time"

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 RSS PBOC says interest rate cuts are likely in 2025 "at an appropriate time"

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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:

  • 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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