PBOC Signals More Easing as Analysts See RRR, Rate Cuts
- Central bank signals loose monetary stance in latest report
- Mortgage, deposit rates may fall further, economists say
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China’s central bank signaled more monetary easing is on the cards, as it seeks to support growth while also safeguarding the stability of the yuan.
The People’s Bank of China vowed to “step up macroeconomic policy adjustment” in its quarterly monetary policy report published Thursday, largely reaffirming its supportive policy stance. The central bank also pledged to prevent excessive movement in the yuan, which is sliding toward its weakest level since 2007.