Hints of more easing by reserve ratio cut

PBoC will use a variety of tools to provide “strong support” for a reasonable growth in credit. — Reuters

BEIJING: China’s central bank signalled that it’s prepared to keep policy loose by lowering the amount of money banks must keep in reserve, reinforcing expectations among investors of more easing to come.

The People’s Bank of China (PBoC) will use a variety of tools to provide “strong support” for a reasonable growth in credit, said Zou Lan, head of the central bank’s monetary policy department, in an interview with Xinhua late Monday.