China Securities Journal says PBOC has room for further targeted RRR cuts

Author: Eamonn Sheridan | Category: Central Banks

The People's Bank of China have been taking steps to support conditions with various measures such as targeted cuts to the reserve ratio requirement.

Its not much of a surprise to expect there are more to come. 

Also with other tools, eg, from yesterday:
The PBOC have been telling us, over and over, that they have more scope to act. Yeah, not surprising. 
