China signals caution towards monetary easing - News - Dukascopy Bank

Mon, 30 Jan 2012 07:10:09 GMT
Source: Bloomberg
 
© Scanpix/Reuters
Despite economists' forecasts China decided to postpone the reduction in lender reserve requirements, indicating caution towards monetary loosening. Barclays Capital Asia and JP Morgan Chase & Co expected the reserve ratio to be cut before the Lunar New Year. Instead the PBOC applied reserve repurchase contracts to flood money in to China's financial system. Asian shares modestly declined on Monday. 

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