Bloomberg News

Pimco’s Toloui Expects Another Interest-Rate Cut in China

July 11, 2012

China will further reduce interest rates to bolster economic growth, according to Ramin Toloui, global co-head of emerging-markets portfolio management at Pacific Investment Management Co., which manages the world’s largest bond fund.

“We are probably going to see another rate cut in China although the fact they have moved two times in the last month means you have to postpone the date you see the next rate cut,” Toloui said in an interview on Bloomberg Television in Hong Kong. “But we are going to see further easing of financial conditions in China.”

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