Mor­gan Stan­ley sees more in­ter­est rate cuts in 2015

China Daily (Canada) - - BUSINESS -

The na­tion is ex­pected to cut the bench­mark in­ter­est rates twice by 25 ba­sis points each time in 2015, Mor­gan Stan­ley said in a re­search re­port on global eco­nomic out­look. Mar­ket sources have in­di­cated that China may cut in­ter­est rates again, after the cen­tral bank cut the one-year bench­mark lend­ing rate by 40 ba­sis points to 5.6 per­cent and the one-year bench­mark de­posit rate by 25 bps to 2.75 per­cent onNov 22. Other bench­mark de­posit and lend­ing rates were low­ered ac­cord­ingly. Mor­gan Stan­ley low­ered its fore­cast for China’s eco­nomic growth by 0.1 per­cent­age point to 7 per­cent be­cause the growth in fixed-as­set in­vest­ment has

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