China’s policy easing remains likely but could be delayed amid elevated
uncertainty, according to Ho Woei Chen of UOB.
The bank maintains its call for a 10bp policy rate cut and sees room for a 50bp
reserve requirement ratio cut if growth risks increase. However, it has pushed
back its easing forecast to 3Q26 from 2Q26, with targeted measures likely
playing a bigger near-term role.
The People's Bank of China is still expected to keep policy “moderately loose,”
she adds.
