Securities Journal:
- PBOC may expand targeted rate cuts
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Just a headline crossing the Bloomberg at present, no further details as yet
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ADDED –
- The headline is from a front-page comment piece in the China Securities Journal
- Written by a reporter
- Says the PBOC may expand targeted rate cuts, but may make a more comprehensive interest rate cut if they deem it necessary to reduce financing costs
- Says the Chinese economy is likely to face relatively large downward pressure
- Newspaper said it was not optimistic about Q3 GDP & expects strong downward pressure to remain in Q4
- Said the low inflation rate & easing by the ECB provided more room for the PBOC to ease
