China's Top Economic Researchers Call for More Monetary Easing
NDRC researchers make rare public comments on monetary policy
Research office has no direct power to set government policy
Researchers at China’s top economic planner called for further monetary easing this year to help lower business costs and boost investment.
In a rare public comment on monetary policy, researchers at the National Development and Reform Commission said interest rates and the required reserve ratio for banks should be cut when appropriate, according to a statement on the commission’s website on Wednesday. The section of the report about rate and RRR cuts was later deleted.