China's central bank, the People's Bank of China (PBOC), has indicated that it still has room to further reduce the bank reserves ratio, according to a statement made by a deputy governor.
The deputy governor highlighted that the PBOC has the flexibility to adjust monetary policy measures in order to support the country's economy amidst ongoing challenges. By cutting the bank reserves ratio, the central bank aims to increase liquidity in the financial system, which can help stimulate lending and boost economic activity.
