China’s Credit Growth Decelerates More Than Expected

The transcript discusses the People's Bank of China's (PBOC) response to weaker than expected credit data, focusing on aggregate social financing, New Yuan loans, and bond issuance. It highlights the contraction in shadow banking and the potential need for more aggressive measures by the PBOC, such as rate cuts, to stabilize the economy. The analysis suggests that economic stabilization may not occur until 2020, with Bloomberg Intelligence indicating the necessity for additional easing measures.

What does Bloomberg Intelligence suggest regarding the PBOC's response to the current economic data?

What are the expected cuts to the loan prime rate by the end of this year according to the text?