Standard Chartered Bank: The Federal Reserve may have no interest rate cuts next year, while China may cut the reserve requirement ratio and interest rates once

According to Jin10, Ding Shuang, Chief Economist for Greater China and North Asia at Standard Chartered Bank, stated at a communication meeting that considering the acceleration of U.S. GDP growth and persistent inflationary pressures, the Federal Reserve may not cut interest rates again next year.

He predicts that China will cut the reserve requirement ratio and interest rates once in the first and second quarters of next year, respectively, but in the future, more reliance will be on other monetary policy tools to maintain ample liquidity, and the role of the central bank's buying and selling of government bonds will become increasingly significant.