Monetary Policy Outlook - Standard Chartered expects the People's Bank of China (PBOC) to maintain an accommodative monetary policy [1] - PBOC is projected to potentially cut the Reserve Requirement Ratio (RRR) by 25 basis points (0.25%) in Q1 2026 [1] - A potential 10 basis points (0.1%) reduction in the 7-day reverse repo rate is anticipated in Q2 2026 [1] - The central bank is expected to inject sufficient liquidity to absorb large-scale government bond supply [1] - Structural re-lending tools will be utilized to support key sectors [1] - The central bank is expected to steadily increase its holdings of government bonds [1] RRR and Bond Yield Forecast - The RRR for large banks is expected to remain at 7.25% [1] - The 10-year government bond yield is projected to trend downwards [1] - Year-end forecast for the 10-year government bond yield is 1.30% [1]
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外汇交易员·2025-12-16 06:09