Via MNI comes more from the People’s Bank of China on the earlier headlines (here: Researcher says China has room to further loosen monetary policy)

  • Still room to cut banks' reserve requirement ratio
  • Level is still relatively high
  • PBOC will reduce the RRR at a "normal pace"
  • Says China can maintain GDP growth at around "7, 6-point-something (percent)" a year over the next three to five years
  • PBOC is also studying leverage levels in the debt market

-

Comments from Yi Gang, PBOC vice governor and head of SAFE