Our quarterly dose of the same old waffle
Will fine tune policy in a preemptive and timely way
Will create neutral and appropriate monetary and financial environment for structural reforms
Will curb asset bubbles and prevent economic and financial risks
Sees more challenges in balancing economic growth and preventing asset bubbles
CPI is expected to remain stable but faces upward pressure
- Overall leverage in the economy is still rising and financial risks are on the rise
- RRR cuts sends a too strong policy signal
- Will flexibly use multiple mon pol tools to keep money markets stable
If anything, these comments are a touch more bearish than usual.