China has room to cut rates says PBOC

Discussion in 'Fundamental Analysis' started by ForexLive, Oct 23, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Comments from the PBOC after they cut rates - Has room to cut as consumer prices level is low - Will have to flexibly use mon pol tools - Has cut RRR to keep the banking system liquidity ample The deposit rate ceiling removal is perhaps the bigger action here as it was in place to limit costs to borrowers. They are in the proverbial rock and hard places as while they want to give banks a looser leash to set rates, they don't want to pile on additional pressure to borrowers

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