PBOC governor Pan says will cut interest rates and RRR at appropriate time

  • A prelude to the next one?
  • Will study, establish new structural policy tools for monetary policy
  • Will resolutely prevent exchange rate overshooting risks

The commentary is also a supportive element to the National People's Congress this week. So, there's that. We also got the same rhetoric yesterday here. For some context, the last cut to the RRR was back in September last year here.

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