0215 GMT - China's central bank is likely to ease monetary policy further in 2025, Goldman Sachs' research analysts say in a report, citing the PBOC 4Q meeting's statement released Friday. The PBOC pledged to implement more proactive easing, including lowering reserve requirement ratio and policy rate when appropriate, the analysts note. GS expects 20bps rate cut each in 2Q and 4Q. Since PBOC didn't cut RRR in 4Q as GS had projected, the U.S. investment bank now anticipates 50bps RRR cut each in 1Q and 3Q. Regarding yuan, PBOC's statement suggests the PBOC would like to manage the pace of yuan depreciation and avoid sharp depreciation before any U.S. tariff announcements, the analysts add. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 05, 2025 21:15 ET (02:15 GMT)
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