The People’s Bank of China may lower interest rates and RRR again in 2H as the yuan depreciates and risk of deflation emerges
That's in a commentary piece from ICBC researcher Yang Xing in the Shanghai Securities News (via Bloomberg)
- Expects a yuan decline of 2% to 3% against the U.S. dollar this year
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ICBC is Industrial and Commercial Bank of China, one of China's 'Big Four' state-owned commercial banks