China Interest Rate Cut 2024 Prediction. China is widely expected to trim its main policy and benchmark lending rates on friday, a reuters poll showed, after the federal reserve's outsized interest rate cut removed some of the risks. Economists narrowly predict that chinese banks will cut their benchmark lending rates again in the fourth quarter, as pressure on the yuan to depreciate.
The central bank was projected. China economists are increasingly pessimistic about the prospects of domestic demand in the country as they lower 2024 forecasts on inflation, investment.