Bundles of 100 yuan notes are pictured at a bank in Shanghai. The People’s Bank of China (PBOC) is expected to join a global monetary easing cycle led by the US Federal Reserve and the European Central Bank. Photo: Kyodo
China tipped to start rate cutting ‘road map’ as early as next week, as economic slowdown deepens
- Beijing wants businesses and consumers spend more and save less, with consumption growth remaining anaemic in the world’s second largest economy
- Analysts expect China to gradually slash lending rates to join global monetary easing led by Federal Reserve and European Central Bank
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China economy
Bundles of 100 yuan notes are pictured at a bank in Shanghai. The People’s Bank of China (PBOC) is expected to join a global monetary easing cycle led by the US Federal Reserve and the European Central Bank. Photo: Kyodo