ICYMI – UBS expect China rate cuts, RRR cut, more cash injections in H2 2023 | Forexlive

UBS in response to the stimulus signals that came from China’s Communist Party Politburo:

UBS are expecting the People’s Bank of China to potentially cutt policy rates by 10 basis points in H2 of this year:

• also expect the PBOC cut the reserve requirement ratio by 25bp
• and to inject more liquidity into the banking system via open market operations

UBS forecast all this to help boost year-on-year credit growth to 10% by Q4.

Shanghai Composite higher yesterday

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• Source: https://www.forexlive.com/centralbank/icymi-ubs-expect-china-rate-cuts-rrr-cut-more-cash-injections-in-h2-2023-20230725/