Free Trial

MNI BRIEF: PBOC Has Room For More Easing : Research Head

MNI (BEIJING) - The People's Bank of China has room to ease monetary policy further, implementing strong interest-rate cuts and selectively reducing the reserve requirement ratio with the global trend of declining interest rates, said Ding Zhijie, head of the Research Institute at the central bank on Saturday during the Caixin Summit 2024. 

Utilising and expanding fiscal deficit capacity can play a more significant role in managing the macroeconomic cycle, while increasing investment in key areas, such as technological innovation and public welfare, Ding noted, noting reforms, particularly in income distribution, should also be considered. (See MNI PBOC Watch: China To Cut LPR 20-25bp To Support Demand)

Keep reading...Show less
137 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

MNI (BEIJING) - The People's Bank of China has room to ease monetary policy further, implementing strong interest-rate cuts and selectively reducing the reserve requirement ratio with the global trend of declining interest rates, said Ding Zhijie, head of the Research Institute at the central bank on Saturday during the Caixin Summit 2024. 

Utilising and expanding fiscal deficit capacity can play a more significant role in managing the macroeconomic cycle, while increasing investment in key areas, such as technological innovation and public welfare, Ding noted, noting reforms, particularly in income distribution, should also be considered. (See MNI PBOC Watch: China To Cut LPR 20-25bp To Support Demand)

Keep reading...Show less