Wen Jiabao’s bearish remarks justify RRR cuts

06 Jan 2012

More cuts to Chinese banking reserve ratios are strongly expected after Premier Wen Jiabao promised monetary policy fine tuning to cope with dampening business conditions.

Chinese Premier Wen Jiabao said on January 4 that business conditions may be “relatively difficult” in the first quarter and promised monetary policy will be fine-tuned as needed. Analysts strongly believe this means another reserve requirement ratio (RRR) cut before the Chinese New Year is very likely given ...

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