JP Morgan forecasts a PBOC RRR and price reduce after Lunar New Year

J.P. Morgan Asset Management with the projection:

• People’s Bank of China (PBOC) to lower the reserve requirement ratio (RRR) and policy rate after the Lunar New Year holiday
• National People’s Congress (this takes place in early March) to announce a series of fiscal support policies

ps. I just posted a contrasting forecast hereL

• PBOC may cut RRR before the Lunar New Year holiday

This article was written by Eamonn Sheridan at www.forexlive.com.