There is still a need for a cut in the RRR in the medium-term – China Press

By FXStreet The Chinese Economic Information Daily noted via MNI that there is still a need for a cut in the reserve requirement ratio (RRR).

Key Headlines:

There is still a need for a cut in the RRR in the medium-term

They say daily short-term open market operations are seen as inadequate to stabilize market expectations when capital outflows are seen continuing

FX market controls can be used to offset possible pressure on the yuan’s exchange rate due to a RRR cut

Any loss would outweigh gains if a decision not to cut the RRR threatens economic growth stability

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Source:: FX Street