PBOC: There is a greater possibility of continued RRR cuts – China Press

As per the latest preview for the People’s Bank of China (PBOC) Interest Rate Decision by China’s securities journal, “In terms of monetary policy, more forward-looking measures are expected to be introduced, and there is a greater possibility of continued RRR cuts, and liquidity will remain reasonably abundant.”

Details suggest that 'institutional sources' believe that more easing and growth-boosting actions are coming.

It’s worth noting that the Reuters poll, published Thursday, mentioned, “The PBOC is expected to keep the one-year Loan Prime Rate (LPR) unchanged for the 16th straight month at its August fixing on Friday.”

Read: PBOC to hold key rate steady on Friday, rate cut talks alive – Reuters poll