People’s Bank of China projected to deliver two more RRR cuts this year – Bloomberg survey

Bloomberg (gate) survey of economists finds the consensus expectation is for two more RRR cuts in 2024:

  • totalling 50 basis points
  • to happen in H2 of 2024


  • five-year loan prime rate (LPR) is expected to be trimmed from Q2 by a total of 20 basis points to 3.75% through the end of the year
  • one-year LPR is seen declining by 10 basis points in each of Q2 and Q4

This article was written by Eamonn Sheridan at Source