Because rates are already so low a cut would have negligible flow on to retail sales. I am sure they want a boost pre Xmas but housing was so crazy may still be a little hot.
If Caixin was below expectation definately, bank sell off today may indicate yes. Malcolm's magic has just boosted credit uptake.
Put it this way if they do cut it shows a bit of panic.
Iron ore miners would be praying for one.
It's literally a coin flip.
Recent macros allow for one.
