GOLDMAN DELAYS CHINA EASING TO 2026, SEES GRADUAL YUAN RISE Goldman Sachs now expects China’s next monetary easing in 2026, citing the PBOC’s focus on currency stability and reform. The bank forecasts a 10bp rate cut and 50bp reserve ratio cut in Q1 2026, another 10bp cut in Q3, and a gradual yuan appreciation instead of major stimulus.(*Walter Bloomberg)