Bank of China: PBOC should cut RRR by 0.5% in Q2

In its outlook report published earlier today, Bank of China revealed China’s GDP forecasts for Q1 & Q2, while noted that the Chinese central bank should lowering RRR in Q2.

Key Quotes:

China Q1 GDP growth at about 6.6%, Q2 at about 6.7%
PBOC should cut RRR by 0.5% in Q2