Goldman Sachs Predicts China's Central Bank to Cut Reserve RequiGoldman Sachs analyst Hui Shan expects China's central bank to reduce the reserve requirement ratio (RRR) in the third and fourth quarters, aiming to manage the decline in long-term yields. This move comes in response to rising bond prices and weak aggregate demand. The People's Bank of China (PBOC) is also focused on reducing financing costs for companies and households. Meanwhile, the yuan carry trade is under scrutiny as the Chinese currency strengthens against the dollar. Analysts are monitoring the potential risks and the impact on global markets.
