Other measures may make PBOC RRR cut unnecessary

FXStreet (Bali) - People’s Bank of China research bureau chief economist Ma Jun, in an interview via Bloomberg, said that other measures may make an RRR cut unnecessary.

Headlines

The PBOC has provided more than 600b yuan mid-term liquidity support through MLF (Medium-term Lending Facility), SLF (Standing Lending Facility) and PSL (Pledged Supplementary Lending) operations

This may substitute for a reserve requirement ratio cut

This will play positive role to stabilize market expectations and interest rates