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CHINA PRESS: PBOC May Cut RRR In Q1 - Analysts

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

The People’s Bank of China may cut the reserve requirement ratio in Q1 by about 0.5 percentage points to release CNY1 trillion, to help ease banks’ pressure on increasing deposits and support their credit supply, Yicai.com reported citing Wang Qing, analyst at Golden Credit Rating. The reason why PBOC skipped an RRR cut in December is that it had injected a total CNY2 trillion medium- and long-term liquidity into the banking system via CNY1.4 trillion of outright reverse repos, CNY300 billion of net purchase of treasuries, and CNY300 billion of medium-term lending facility (MLF), far exceeding the maturity of CNY1.45 trillion MLF, the newspaper said.

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The People’s Bank of China may cut the reserve requirement ratio in Q1 by about 0.5 percentage points to release CNY1 trillion, to help ease banks’ pressure on increasing deposits and support their credit supply, Yicai.com reported citing Wang Qing, analyst at Golden Credit Rating. The reason why PBOC skipped an RRR cut in December is that it had injected a total CNY2 trillion medium- and long-term liquidity into the banking system via CNY1.4 trillion of outright reverse repos, CNY300 billion of net purchase of treasuries, and CNY300 billion of medium-term lending facility (MLF), far exceeding the maturity of CNY1.45 trillion MLF, the newspaper said.