China likely to cut RRR rate next year - report

  • China's central bank continues to ease
PBOC People's Bank of China

We get Chinese CPI data later but the high estimate is +1.1% and the consensus is +0.7% so rate cuts shouldn't be a surprise.

The December Politburo meeting continued with the text on a "more proactive" fiscal policy and a "moderately loose" monetary policy.

The newswire report says the report is from the local press. I'll work to find the source.

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