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China may lean on RRR cuts in policy easing if slowdown persists

By: Yossel in CHINA | Recommend this post (0)
Thu, 21 Jun 12 11:09 PM | 164 view(s)
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China may lean on RRR cuts in policy easing if slowdown persists

A bank clerk counts Chinese yuan banknotes at a branch of Industrial and Commercial Bank of China in Huaibei, Anhui province, June 8, 2012.

BEIJING (Reuters) - China's central bank could rely on cutting the amount of cash the banks must hold as reserves to bolster growth but reserve further interest rate cuts as the last-resort policy option, economists familiar with Beijing's policy-making process said.

Credit: Reuters/Stringer

Kevin Yao

BEIJING
Tue Jun 19, 2012 8:56am EDT

link-
http://www.reuters.com/article/2012/06/19/us-china-economy-idUSBRE85I0JS20120619




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