According to China’s Economic Information Daily newspaper, citing an advisor for the People’s Bank of China (PBOC), there is still room for further liquidy injections in China’s economy.
The advisor went on to say that even with the potential for further liquidity injections, the Yuan remains stable, and the PBOC is confident that the CNY will maintain its stability as the central bank engages in monetary mechanisms.
Further liquidity would likely be achieved by a further cut to the reserve requirement ratio (RRR), though the PBOC does have access to other policy tools.
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