PBoC official signals possible reserve ratio cut
Zou Lan hints Chinese central bank may loosen reserve requirements to spur credit growth
A People’s Bank of China (PBoC) official has hinted the central bank may lower banks’ mandated cash reserve levels, as it attempts to deal with a faltering economy.
It will use different tools to support credit growth, Zou Lan, head of the PBoC’s monetary policy department, told Xinhua News Agency on January 8. Zou said the PBoC will use policy tools such as open market operations, the medium-term lending (MLF) facility and reserve requirements to spur credit growth.
It will also guide
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