China has cut its MLF to 2.85% from 2.95% today for the first time since April 2020.
We had stated previously that China would be implementing QE in 2022 and a rate cut was in the offing.
However, 70% of analysts disagreed with us and projected no interest rate cut. This put us in the 30% camp. Who is right now?
1 comment:
China also cut its 7-day reverse repo rate to 2.1% from 2.2%.
Post a Comment