The PBOC could further lower RRR for....>

CHINA PRESS: The PBOC could further lower RRR for banks this year, China

Securities Journal said Monday, citing market participants. 

  - The PBOC could lower RRR two or three times, market experts said; Xu Gao,

chief economist at Everbright Securities Asset Management, explained that it's

because social financing scale is still low; 

  - The PBOC may increase interest rate this year as the U.S. Fed will further

raise interest rate, but direction of China's monetary policy is expected not to

change, and will remain neutral leaning tight: Shen Jianguang, chief economist

at Mizuho Securities; 

  - China's liquidity depends on its domestic measures regarding money supply,

and on U.S. moves such as changes in U.S. treasury yields and its pace of

monetary policy normalisation: Zhu Hongming, associate researcher at the

Development Research Centre, managed by the State Council.