国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Policy Watch

China to keep economic stimulus in 2016: Bloomberg

(Xinhua) Updated: 2015-12-19 16:12

BEIJING - China is expected to keep its stimulus measures including interest rate cuts in 2016 to underpin economic growth, Bloomberg economists has said.

"The central bank will likely make two 25 bp cuts in the loan rate and multiple cuts in the reserve requirement ratio in the first half," said the economists in a report called "China's Economy in 2016" reached Xinhua reporters late on Friday.

However, "space for rate cut is limited as the deposit rate approaches zero," according to the Bloomberg report.

Benchmark interest rates for one-year lending and deposits stand at 4.35 percent and 1.5 percent respectively after a 0.25 percentage point cut in this October.

To combat a economic slowdown, China's central bank has cut benchmark interest rates five times since last November and lowered banks' reserve requirement ratio three times since February.

The Ministry of Finance has accelerated public spending and rolled out a 3.2 trillion yuan $494 billion debt swap for in-the-red local governments, the Bloomberg report said.

"Most recently the yuan has fallen 2.4 percent to 6.4726 in mid-December from 6.3174 at the end of October," said the report.

To add liquidity, the Bloomberg report forecast that China's reserve requirement ratio will come down from the current 17.5 percent level next year.

The Bloomberg economists expected more pro-growth exchange rate and fiscal policy adjustments next year, adding that China has "enough policy space to keep GDP growth "close to 7 percent, but not for much longer."

Hot Topics

Editor's Picks
...
汕头市| 沭阳县| 扬中市| 如皋市| 桦甸市| 赤峰市| 舟曲县| 毕节市| 三门峡市| 丰城市| 崇明县| 永宁县| 县级市| 瑞金市| 衡水市| 苍溪县| 瑞安市| 丁青县| 阳信县| 山东| 社旗县| 女性| 东阿县| 漾濞| 淮南市| 福贡县| 清水河县| 峨眉山市| 文水县| 隆回县| 梁河县| 阜城县| 洛阳市| 晴隆县| 乌鲁木齐县| 两当县| 扶余县| 井冈山市| 曲水县| 东丽区| 五河县|