Mainland China: Case For More Monetary Easing Remains Strong
Country Risk / China / Mon 18 Mar, 2024
Key View
- The People’s Bank of China kept the one-year medium-term lending facility rate unchanged at 2.50% for the seventh consecutive month, against our expectation for a 15bps cut.
- We remain convinced that more monetary easing is on the cards to meet the government’s ambitious GDP growth target of ‘around 5%' for 2024 and we expect the