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- People’s Bank of China (PBoC) likely to pause reserve cuts, but policy easing on track - Reuters reports, citing sources
People’s Bank of China (PBoC) likely to pause reserve cuts, but policy easing on track - Reuters reports, citing sources
The People’s Bank of China (PBoC) is likely to pause to assess economic conditions before making any further moves to ease lenders’ reserve requirements after better-than-projected growth data reduced the urgency for action, policy insiders told Reuters.
Although the Chinese central bank's easing bias remains unchanged, it sees less room this year for cutting reserve requirement ratios (RRRs), as fiscal stimulus plays a bigger role in spurring growth, according to government advisers involved in internal policy discussions.
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