Summary | The visible deterioration in nominal GDP growth
stretches the economy's debt repayment capacity.Despite the
lift of the ceiling, however, we do not expect most banks to
fully utilize the range.Such behavior will limit the squeeze on
banks' net interest margin.We thus expect further monetary
easing via existing tools.The article is co-authored by UBS ...
stretches the economy's debt repayment capacity.Despite the
lift of the ceiling, however, we do not expect most banks to
fully utilize the range.Such behavior will limit the squeeze on
banks' net interest margin.We thus expect further monetary
easing via existing tools.The article is co-authored by UBS ...
en.ce.cn | 12 May 2015