The People’s Bank of China may lower interest rates and RRR again in 2H as the yuan depreciates and risk of deflation emerges

That's in a commentary piece from ICBC researcher Yang Xing in the Shanghai Securities News (via Bloomberg)

  • Expects a yuan decline of 2% to 3% against the U.S. dollar this year

-

ICBC is Industrial and Commercial Bank of China, one of China's 'Big Four' state-owned commercial banks