PBOC unlikely to cut RRR in the short term – China Securities Journal

The China Securities Journal is out with a front page report this Thursday, stating that PBOC (Chinese central bank) is unlikely to cut the reserve requirement ratios (RRR) in the short term.

Further Headlines:

Better-than expected Q1 economic data places the PBOC under less pressure to cut RRR.

PBOC expected to continue reserve repo injections with greater intensity in the near future.