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Monday, January 17, 2022

China will be cutting its rates very soon. - Part 3

https://www.cnbc.com/2022/01/17/china-cuts-rates-on-policy-loans-for-first-time-since-april-2020.html

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:

Eric Ho said...

China also cut its 7-day reverse repo rate to 2.1% from 2.2%.