CHINA PAUSES LENDING RATE CUTS AFTER RECENT EASING MEASURES!

China has indeed paused its lending rate cuts after recent easing measures. Here's what's happening:

Lending Rates: The People's Bank of China (PBOC) has kept its benchmark lending rates unchanged, with the 1-year loan prime rate at 3.0% and the 5-year LPR at 3.5%.

Previous Cut: This decision follows a surprise 10 basis point cut last month, which was the first rate cut in seven months.

Economic Indicators: Despite the pause, economic indicators show mixed performance, with slower-than-expected credit growth and deepening deflationary pressure emphasizing the need for more economic easing.

Future Outlook: Analysts expect the PBOC to continue easing policy, forecasting a potential 40 basis point reduction in lending rates by year-end and a 50 basis point cut to the reserve requirement ratio (RRR).

Expert Insights:

Bruce Pang: An adjunct associate professor at CUHK Business School believes future rate cuts may play a more "restrained, supporting role" and expects a 10 basis point reduction in the seven-day reverse repo rate in Q4.

Zichun Huang: Chief economist at Capital Economics forecasts the PBOC will likely continue to ease policy, with lending rates potentially being lowered by another 40 basis points by year-end .#SwingTradingStrategy #XSuperApp $BTC #PowellRemarks