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China CITIC Bank Int'l Expects Fed to Cut Rates Only Once This Yr, CN GDP Growth at ~4.9%
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Given ongoing geopolitical uncertainties and rising inflation risks, the US Fed is expected to cut interest rates only once this year by about 0.25%, said Allen Ding, China CITIC Bank International's Executive Deputy General Manager & Chief Economist, Research Department. If conflicts persist until June or longer, there may be even no rate cut for the whole year. Regarding China, while disruptions to international supply chains have weighed on exports, export performance in 1Q26 was still better than expected, with product competitiveness still intact. Ding expects exports to see a slight YoY slowdown in growth to 5% this year. Due to inflation risks, Ding also estimates that there will be no room for interest rate cuts or RRR reductions in China during 1H26. China's full-year GDP growth is predicted at about 4.9%, at the high end of the official target range of 4.5-5%. AASTOCKS Financial News |
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