How Does China's Macro Predicament Affects Our Calls: FX Moment
FICC Focus
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Is Ten Basis Really a Good Thing?
When china has to cut raids is usually do it in the five basis point deps. We expect at least another 25 business point of cut. And we furthermore, and before further policy re cut, we believe the next step for the p b o c is to cut the system while triple out and to release a liquidity to tothe inter bank system.
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