Banks' base case seems to be broadly in line with that of the Federal Reserve.
银行的基本预期似乎与美联储的大体一致。
TED-Ed(视频版)
This is called the " base case" of the recursion.
这称为递归的“基本情况” 。
经济学人 Finance and economics
Since our base case expects global prices to stay below $90, that would not make much difference to the price of Russian oil, which currently trades at a 20-30% discount.
Guan added that in the base case scenario, in which the United States achieves a soft landing while the Fed continues rate cuts, foreign institutions may continue to boost holdings in renminbi-denominated bonds, especially treasury bonds.