People’s Bank of China (PBOC)’s deputy governor Hu Xiaolian speaking in Beijing. Headlines on Bloomberg & Reuters:

  • Prudent monetary policy unchanged – no need to dajust monetary policy direction
  • China’s nob market is in a good situation
  • GDP growth around 7.4% is reasonable
  • Rate cut will help economic growth
  • PBIC has various tools to provide liquidity, can use all possible tools under prudent policy
  • it is a problem that cooling inflation is lifting real interest rates