From the Shanghai Securities News, via MNI.
National Development and Reform Commission-affiliated State Information Center economist Li Ruoyu says the People’s Bank of China should cut the reserve ratio and benchmark interest rate
- Says to ensure banking-system liquidity
- & to guide down market interest rates
- Says the fall in lending rates lags behind the PPI decline - which results in a continuous rise of actual lending costs for industry
- Regulators should encourage bank lending to the real economy
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Note, at 0130GMT today we get CPI and PPI data, and we should get loans data sometime before the 15th of the month
