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China to cut interest rate by end of year, UBS analyst clashes with broader consensus

Summary:
[unable to retrieve full-text content]China’s surprise dovish tilt last week is only a prelude to an interest-rate cut as economic growth begins to slow rapidly, according to UBS Asset Management, a prediction that clashes with the broader consensus.The People’s Bank of China (PBOC) is likely to lower its benchmark lending rate by the end of the year to support small and medium-sized companies, a move that will potentially send 10-year bond yields to a record low, said Hayden Briscoe, head of fixed income for Asia-Pacific at UBS…

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[unable to retrieve full-text content]
China’s surprise dovish tilt last week is only a prelude to an interest-rate cut as economic growth begins to slow rapidly, according to UBS Asset Management, a prediction that clashes with the broader consensus.The People’s Bank of China (PBOC) is likely to lower its benchmark lending rate by the end of the year to support small and medium-sized companies, a move that will potentially send 10-year bond yields to a record low, said Hayden Briscoe, head of fixed income for Asia-Pacific at UBS…

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