Sources: PBOC said to be likely to make further RRR cuts to spur credit growth – Reuters

Reuters quoted some sources as saying that the PBOC is said to be likely to make further RRR cuts to spur credit growth.

Key Headlines:

Benchmark interest rate cut not imminent despite cooling inflation, stronger Yuan.

Benchmark interest rate cut remains a last resort if growth slows sharply.

A trade deal with the US would also reduce the chance of the said cut.