Peoples Bank of China out with a statement earlier from the head of the stastitics dept
- reserve requirement and interest rate cuts helping to boost demand
More cuts on the way then it would appear
- companies' general cost of financing 6.3% end-June, down 68bps vs end-2014
- ample liquidity in interbank market
- falling interest rates to lower financing costs for real economy
- faster M2 growth since end-April due to recent bank reserve requirement and interest rate cuts
Eamonn had the latest money supply data here earlier
