Via Bloomberg, comments in the China press on People’s Bank of China monetary policy

  • Its from a front-page commentary in Securities Daily
  • September & Q3 economic indicators show that domestic economy is stabilizing
  • Some existing problems in economy, including high financing costs, should be resolved by cut of interest rate and reserve requirement ratio
  • Yesterday's CPI 1.6% creates condition for rate cuts
  • PBOC is expected to cut interest rate and RRR once each in 4Q, commentary cites industry

With thanks to Bloomberg