In the past month, foreign banks have collectively raised their expectations for China's economy, with Morgan Stanley's Xing Ziqiang saying "the first quarter exceeded expectations."
In the past month, economists from HSBC, ANZ, and Citigroup have raised their GDP forecasts for China. Xing Ziqiang believes that China's economic performance in the first quarter was "above expectations", with strong economic momentum and significant increases in investment in XINXINGCHANYE, leading the team to revise its economic growth forecast for the year upward by 0.5 percentage points.
UBS Group: The looming cloud of tariffs puts pressure; Global interest rate policies will still face uncertainties.
UBS Group stated that tariff risks will dominate the pricing trends in the Global interest rate market for some time, and various countries' interest rate policies and economic outlooks face many uncertainties as a result.
Guosheng Securities: The MLF interest rate has exited the stage, further strengthening the core policy interest rate status of the reverse repurchase rate.
The future trend of interest rates mainly depends on two factors: first, the pace of the central bank's "timely reserve requirement cut and interest rate reduction"; second, the effectiveness of fiscal stimulus, real estate sales, tariff disruptions, and other fundamental conditions.
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