PBOC Could Cut Interest Rates Twice Before 1Q16: MSMani
The People’s Bank of China’s fifth consecutive interest rate cut announcement on Tuesday could be followed by two more rate cuts of 25bp each before 1Q16, notes Morgan Stanley.
Chetan Ahya and team at Morgan Stanley in their August 25, 2015 research report on “China Economics,” note PBOC’s latest announcement is the second combined interest rate and RRR cut taken during this round of policy easing.
PBOC’s second combined cut of interest rates and RRR
Ahya et al. point out . . .
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