Not to use RRR cut easily – PBOC’s Zhang

By FXStreet FXStreet (Mumbai) – The People’s Bank of China assistant governor Zhang Xiaohui is now crossing the wires via Reuters, noting that RRR cut is a strong signal for easing and hence, should use it sparingly.

Key Quotes:

Not to use RRR cut easily

RRR cut signal too strong

To use OMO to supply liquidity

Excessive liquidity has pressure on yuan

First half of Jan loan too strong
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Source:: FX Street