China Press: There is room and expectation of reserve deposit ratio and benchmark interest rate cut from PBOC

An official from Securities Daily noted in an opinion article that there is room and expectation of a cut in the reserve deposit ratio and the benchmark interest rate from the People's Bank of China (PBOC).

The article further stated, “One of the basic tasks for the central bank is to maintain reasonably ample liquidity, and provide an appropriate monetary environment for the stability and recovery of the economy and for deepening reforms, the opinion says. During the process of enacting supply-side reform, monetary policy can do more while maintaining a prudent stance.”