The People's Bank of China is expected to hike money market interest rates in 2018
The latest Bloomberg survey of 31 analysts has the PBOC raising interest rates on reverse-repurchase agreements by five basis points three times this year:
- Q1 is seen for the first hike, then Q2 and Q4
Economists don't forecast any change to the benchmark rate, which sets borrowing costs economy-wide, through early 2020, according to a separate survey by Bloomberg.
More here at the full Bloomberg piece: China Seen Raising Money Market Rates Three Times This Year
