HSBC cut its forecast for China GDP growth in 2023 and 2024 – see the PBOC easing further

<p>HSBC's new economic growth forecasts for China:</p><ul><li>4.9% in 2023 (were previously above 5%)</li><li>4.6% in 2024</li></ul><p>HSBC expect People's Bank of China monetary policy to loosen further ahead with further cuts to both interest rates and the RRR. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.