Headlines crossing the Bloomberg ... People’s Bank of China comments:

  • Says rate, RRR cuts won't expand its balance sheet
  • Says rate cut partly due to slower September CPI growth
  • Says rate cuts 'very different' from quantitative easing
  • Rate, RRR cuts are regular measures
  • Rate, RRR decision is very different from QE
  • Decision represents basic opening of rate restriction
  • Says rate liberalization is key reform policy
  • Rate and RRR decision is traditional monetary policy measure
  • Its reasonable to cut interest rate when price level is low
  • Uncertainty exists in future yuan position change
  • RRR cut aims at meeting regular liquidity demand
  • People’s Bank of China has room to use the rate tool to Strengthen monetary support