xi's moments
Home | Finance

Experts weigh in on central bank move to cut RRR

By Yu Xiaoming | chinadaily.com.cn | Updated: 2020-01-02 14:25

Lyu Suiqi, professor at the School of Economics Peking University

The move marks the central bank's policy direction in countercyclical adjustment. As a measure to keep employment, the financial sector, foreign trade, foreign and domestic investments, and expectations stable, it highlights the confidence and ability of the Chinese government.

The RRR cut can keep market liquidity at a reasonably ample level and further optimize liquidity structure. In terms of the direction of monetary policy, Lyu said the central bank will stick to prudent monetary policy, and avoid a flood-like stimulus.

|<< Previous 1 2 3 4 5 6 7 8 Next   >>|
Global Edition
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349