0838 GMT - China's central bank could cut its policy rate and reserve requirement ratio as early as May, BNP Paribas analysts write in a note. China's April Politburo meeting focused on speeding up the implementation of policy measures that were mapped out at the National People's Congress meeting in March instead of rolling out additional stimulus, they say. Fresh stimulus could be adopted after July's Politburo meeting if there is improved visibility for tariffs as well as a further assessment of the their impact on growth, the analysts add. If U.S. tariffs on China are cut to 50%, China may release an additional fiscal package for 2H this year worth CNY500-800 billion, they say. Beijing will further ease policy on the property sector, including cutting mortgage rates, beefing up support for local government's home purchases program, they add.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
April 28, 2025 04:38 ET (08:38 GMT)
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