The National Development and Reform Commission of the People's Republic of China (NDRC) says
- China has 'big room' to guide interest rates down
That's a Bloomberg headline, no further details
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Also, PBOC deputy governor Yi Gang has had more remarks on the wires:
- 14 day reverse repo gives the market more choice
- PBOC will continue with 7-day RRs
- 14 day RRs help ensure ample liquidity