Reported 8 months ago
On June 17, 2024, the People's Bank of China continued its trend of reducing the Medium-term Lending Facility (MLF) by 182 billion yuan, maintaining the interest rate at 2.5%. Goldman Sachs anticipates that the People's Bank will lower the deposit reserve requirement ratio by 25 basis points in the third quarter and cut interest rates by 10 basis points in the fourth quarter. They believe the urgency for a reserve cut has decreased due to lower-than-expected May monetary credit data and a further slowdown in the growth rates of narrow money supply (M1) and broad money supply (M2).
Source: YAHOO