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PBOC to Maintain Marginal Easing Longer: Times

CHINA PRESS
MNI (Sydney)

China's central bank is likely to continue marginal easing into next year, the Securities Times reported citing Ming Ming, Deputy Director of CITIC Securities Research Institute. Speaking after the release of the PBOC Q3 Monetary Policy Implementation Report, Ming said the central bank may focus on controlling the credit supply and keep the macro leverage ratios basically stable. The current inter-bank liquidity is relatively low, and continued tightening may cause a "policy cliff" and rapid deleveraging which would not be conducive to economic development, Ming said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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