People’s Bank of China’s (PBOC) Deputy Governor Zhu is out on the wires assuring markets that the central bank would offer “enough” support to the economy and will continue to stabilize the macro-leverage ratio.
The central bank cut the reserve requirement ratio by 0.5 percentage point today and will cut rates by another 0.5 percentage point on Jan. 25, as announced earlier this month.
Key quotes (Source: LiveSquawk)
Being prudent does not mean can’t tweak policy.
A prudent policy should stay in line with economic conditions.
China to further lower financial risks.
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