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

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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)

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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