More rate cuts in the pipeline for China

James Marlay

Livewire Markets

More rate cuts in the pipeline for China. Reuters is running an exclusive this morning that suggests China is preparing for further rate cuts and relaxing the reserve requirement ratio which would release more capital available for loans. Top leaders have changed their views... Further interest rate cuts should be in the pipeline as we have entered into a rate-cut cycle and RRR cuts are also likely, said a senior economist at a government think-tank involved in internal policy discussions. China is trying to shift it's economy to be more consumption driven, however, there is no doubt further rate cuts would be seen as a positive for embattled iron ore stocks. The Reuters article is available here: (VIEW LINK)

James Marlay
Co Founder
Livewire Markets

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