BN 05/10 11:24 *CHINA STILL HAS ROOM FOR INTEREST RATES, RRR CUTS: BOCOM
China Still Has Room for Cuts to Interest Rates, RRR: BoCom
2015-05-10 11:49:56.190 GMT
By Bloomberg News
(Bloomberg) -- PBOC cuts interest rates mainly to reduce
financing costs, according to a BoCom research report written by
analysts led by chief economist Lian Ping.
* Banks are unlikely to raise deposit rates to the ceiling as
they haven’t done that before today’s ceiling change: report
* The change could be seen as almost a completion of interest
rate liberalization: report
* China may cut reserve requirement ratio by 0.5-1 percentage
point within this yr: report
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To contact Bloomberg News staff for this story:
Penny Peng in Beijing at +86-10-6649-7719 or
ppeng18@bloomberg.net
To contact the editor responsible for this story:
Andrew Monahan at +852-2977-6483 or
amonahan@bloomberg.net
2015-05-10 11:49:56.190 GMT
By Bloomberg News
(Bloomberg) -- PBOC cuts interest rates mainly to reduce
financing costs, according to a BoCom research report written by
analysts led by chief economist Lian Ping.
* Banks are unlikely to raise deposit rates to the ceiling as
they haven’t done that before today’s ceiling change: report
* The change could be seen as almost a completion of interest
rate liberalization: report
* China may cut reserve requirement ratio by 0.5-1 percentage
point within this yr: report
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact Bloomberg News staff for this story:
Penny Peng in Beijing at +86-10-6649-7719 or
ppeng18@bloomberg.net
To contact the editor responsible for this story:
Andrew Monahan at +852-2977-6483 or
amonahan@bloomberg.net