- Analytics
- News and Tools
- Market News
- Ex-PBOC Adviser Li: China has scope to cut rates by up to 50 bps
Ex-PBOC Adviser Li: China has scope to cut rates by up to 50 bps
Li Daokui a former member of the People’s Bank of China’s (PBOC) monetary policy committee, said on Tuesday that China’s central bank has room to cut its benchmark interest rate by 50 basis points (bps) over the next year if the economy remains in doldrums, per Bloomberg.
Key quotes
“People’s Bank of China can lower rates through the middle of 2023 as needed to alleviate corporate debt.”
“Further cuts would be made possible because of the country’s strong trade surplus and capital controls that will support the yuan and ease capital outflow pressure.”
“I think there’s still room for 30-to-50 basis points of interest rate cuts in total by the end of the first half of next year.”
Related reads
- USD/CNH retreats as US dollar is faded in a significant move
- S&P 500 Futures lick its wounds, yields retreat as markets brace for Jackson Hole
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
