News Headline Summary
Chances of another People's Bank of China interest rate cut have fallen significantly, according to NAB
- We now feel like the chances of more substantial monetary policy easing before the end of the year has significantly diminished. As a result we have removed our expectation of a 25bp interest cut in the final quarter of the year.
- maintains its expectation for a 50bp cut in the central bank’s reserve requirement although any dramatic pick-up in capital inflows would preclude any cut.
19 Nov 2012 - 05:21
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