Goldman Sachs and Nomura delay China rate cut forecasts to 2026-2027

11 articles · Updated · Bloomberg · Apr 30

Nomura now expects easing to begin in 2027, while Goldman removes its 2026 reserve requirement ratio cut forecast.
Both banks previously anticipated policy rate reductions and reserve requirement cuts in 2024, but shifted outlooks after Chinese leaders signaled confidence in economic growth.
This adjustment aligns Goldman and Nomura with other major global banks, reflecting diminished expectations for near-term monetary support from China’s central bank.

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