Free Trial

Reserve requirement ratio cuts do not...>

CHINA PRESS
CHINA PRESS: Reserve requirement ratio cuts do not signal a looser monetary
policy, Economic Daily stressed in a commentary after the third RRR cut this
year. 
  - The PBOC will maintain a steady and prudent monetary policy, said an officer
of the PBOC, according to the journal. 
  - Capital liquidity is at a reasonable and stable level while the yuan
exchange rate is at two-way fluctuations; and under such circumstances, a loose
monetary policy is not necessary, said the journal. 
  - RRR cuts are an effective tool to promote the debt-to-equity swap programme
and to lower the financing costs of small firms, said the journal.

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.