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
More:
- 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
