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 that the central bank announced Tuesday it would trim the benchmark one-year lending rate by 25bp to 4.60% and the…
PBOC Could Cut Interest Rates Twice Before 1Q16: MS
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports