THE People's Bank of China, the nation's central bank, assured the market on Wednesday that it will continue to beef up support for economic recovery instead of paring down stimulus amid the recent uptick in recovery momentum.
Experts said that credit policies are likely to further ease as new structural tools may be launched in the fourth quarter to consolidate the nascent recovery in the property market, while the central bank may prudently cut the reserve requirement ratio and interest rates if needed. The RRR refers to the proportion of money that lenders must keep as reserves.
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