From Shanghai Securities News (via MNI):
- PBOC has concluded its first quarter monetary policy meeting
- It did not change its wording on monetary policy in its statement
Analysts say:
- The PBOC will still rely on open market operations to ensure liquidity
- See no need for a reserve cut
Lu Zhengwei, an economist with the Industrial Bank, said the central bank should lower the 28-day repo rate to lower financing costs and loosen restrictions against lending for railway construction
