China central bank chief flags more interest rate cuts

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BEIJING: China's central bank governor said on Friday (Oct 18) the reserve requirement ratio for commercial lenders could be cut further by 25 to 50 basis points by the year-end depending on liquidity conditions, keeping the door open to more policy easing steps.

The PBOC introduced two new tools in September to support markets.

At the financial forum on Friday, Pan also warned against any illegal fund flows into the stock market.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChina

Topics: Points (pboc) Rate Financial Central Market Bank Stock Support Basis China

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 13:13:18 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 331 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23114812

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