ING is calling a broad based RRR cut of 0.5 percentage points in October.
Adam posted in it here:
Something to watch for before then is coming up on Monday. The 20th will bring the People's Bank of China setting its one-year and five-year loan prime rates.
These have remained unchanged for 16 months.
- one-year loan prime rate 3.85%
- five year rate 4.65%
I'll have more on this on approach.
