0134 GMT - Downside price pressures in China still linger, even after accounting for the country's Spring Festival holiday factor, says Ho Woei Chen of UOB's Global Economics & Markets Research in research report. Chinese data released Sunday showed January-February CPI averaging a 0.1% on-year contraction, core CPI averaging on-year 0.3% growth, PPI averaging 2.2% on-year contraction, the economist notes. For 2025, UOB expects additional 50-100bp reduction to banks' reserve requirement ratio and 30bp cut to benchmark 7-day reverse repo rate, with loan prime rates to fall by 30 bps. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 09, 2025 21:34 ET (01:34 GMT)
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