The PBOC will cut reserve ratios further and...>

PBOC: The PBOC will cut reserve ratios further and increase liquidity injections

to stabilize the economy when necessary, Ma Jun, a member of the central bank's

monetary policy committee, told Shanghai Securities News Friday. There is still

relatively a lot of room for the PBOC to cut RRR at both full and targeted paces

and the central bank will also strengthen its open market operations if

necessary, Ma said. The comments came after the central bank Friday unexpectedly

left the Loan Prime Rate (LPR) unchanged for this month. As the coronavirus

outbreak hits the domestic and global economy and other major central banks have

ramped up easing moves, many thought the PBOC would guide rates lower.