Goldman Sachs: Expected to cut the reserve requirement ratio by another 25 basis points in the fourth quarter

Goldman Sachs pointed out in its latest research report that following the recent easing of monetary policy by the People's Bank of China, it is expected that the policy will be further relaxed for the remaining time this year and next year. "We expect the reserve requirement ratio to be lowered by another 25 basis points in the fourth quarter. If the Federal Reserve is more aggressive than our benchmark in lowering policy rates in the coming months, this will create greater room for the People's Bank of China to lower policy rates. For 2025, we now expect two 25 basis points cuts in the reserve requirement ratio and two 20 basis points cuts in policy rates," Goldman Sachs stated