China press: RRR cut is necessary, there is room for a cut

After all the 'No, we ain't gonna cut the RRR' talk from China comes the opposite ...

Its from Economic information Daily ... which is an official source, run by Xinhua

Its a front-page commentary, via Bloomberg

The commentary is written by Zhi Lin, who 'isn't further identified' according to Bloomberg.

Could he be a movie star or boy-band singer, just like some of those making policy pronouncements in Davos last week?

Anyway ...

• Says an RRR cut is necessary & that there is room for China to cut the current "high" ratio
• The piece also said "not much" room to cut benchmark interest rate and limited role of lending facilities to lower social financing costs

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Confused. Yeah, me too.

I still reckon the cut is coming though.