0746 GMT - The People's Bank of China will likely to stay on an easing path for the rest of 2025 to counter downward pressure on the economy, BNP Paribas analysts write in a note. The brokerage expects a 20bp cuts in the policy rate in 2H and see an additional 50bp cut in the required reserve ratio for the rest of this year, they say. However, the biggest policy driver would be U.S. tariffs, which remain highly uncertain, they add. The brokerage thinks more forceful stimulus will be introduced if current U.S. tariffs persist longer than its base-case assumption that tariffs will be cut to 50% later this quarter, they say.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
May 08, 2025 03:46 ET (07:46 GMT)
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