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Citi Maintains Forecast of 10 bps Symbolic Policy Rate Cut by End-2H26 in China
Citi published a research report stating that Chinas April credit data fell significantly short of expectations, once again highlighting the weak domestic economic conditions. The...
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Citi Maintains Forecast of 10 bps Symbolic Policy Rate Cut by End-2H26 in China
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Citi published a research report stating that Chinas April credit data fell significantly short of expectations, once again highlighting the weak domestic economic conditions. The Peoples Bank of China announced that RMB loans decreased by RMB10 billion in April, while Aggregate Financing to the Real Economy (Flow) was also far below expectations.

The bank noted that so far, neither signs of a recovery in the real estate sector nor a rebound in PPI inflation and the resulting profit boost have shown a broad-based expansion trend. While it continues to acknowledge the overall resilience reflected in better-than-expected export performance and PPI data, it has turned more cautious on domestic economic weakness. The bank maintains its forecast of a symbolic 10 bps cut in policy rates by end-2H26, and believes weakening export momentum and potential labor market pressures will serve as catalysts. (sl/da)

Related NewsIndustrial Production YoY for Apr in China is 4.1%, lower than the previous value of 5.7%. The forecast was 5.9%.

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