On Monday, the People’s Bank of China (PBOC) unexpectedly cut borrowing costs on its medium-term loans for the first time since April. Photo: Reuters
On Monday, the People’s Bank of China (PBOC) unexpectedly cut borrowing costs on its medium-term loans for the first time since April. Photo: Reuters

China urged to ‘hurry up’ with moves to stabilise economy, stay ahead of the curve to avoid credit ‘collapse’

  • On Monday, the People’s Bank of China (PBOC) unexpectedly cut borrowing costs on its medium-term loans for the first time since April
  • There is still room for the PBOC to cut banks’ reserve requirement ratios, although this had been reduced by reductions in the past, said vice-governor Liu Guoqiang

On Monday, the People’s Bank of China (PBOC) unexpectedly cut borrowing costs on its medium-term loans for the first time since April. Photo: Reuters
On Monday, the People’s Bank of China (PBOC) unexpectedly cut borrowing costs on its medium-term loans for the first time since April. Photo: Reuters
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