Bloomberg News

China May Cut Reserve Ratio, Rates on Wen Comment, Guotai Says

October 25, 2011

Oct. 26 (Bloomberg) -- China may lower the reserve- requirement ratio for small- and medium-size banks before the year-end and cut interest rates in the second quarter next year after Premier Wen Jiabao said yesterday the government may fine- tune economic policies, according to Guotai Junan Securities Co.

Premier Wen’s comment reflects the government’s concern about the slowdown in economic growth, Wang Jin, an analyst at the Shanghai-based brokerage, wrote in a report today. Inflation may ease “significantly” in the second quarter next year, according to the report. Guotai Junan is China’s top-ranked arranger of domestic corporate bond sales, according to Bloomberg data.

To contact the editor responsible for this story: Allen Wan at awan3@bloomberg.net


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