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