Here's another central bank expected to hike 3 times this year (yuan-a guess who?)
The People's Bank of China is expected to hike money market interest rates in 2018
The latest Bloomberg survey of 31 analysts has the PBOC raising interest rates on reverse-repurchase agreements by five basis points three times this year:
- Q1 is seen for the first hike, then Q2 and Q4
Economists don't forecast any change to the benchmark rate, which sets borrowing costs economy-wide, through early 2020, according to a separate survey by Bloomberg.
More here at the full Bloomberg piece: China Seen Raising Money Market Rates Three Times This Year