More from Krishna Srinivasan, director of the IMF’s Asia and Pacific
Department:
-
If conflict in the Middle East escalates, it could affect oil prices
which would have bearings in many countries in Asia - Chinese authorities
need to give consistent, clear set of messages to address property
sector woes, need to separate viable from non-viable while protecting
home buyers - We don’t see
deflation as baseline scenario in China - PBoC’s cut to bank
reserves consistent with our proposal to have more monetary easing - Going forward we
would prefer if there were more policy rate cuts than bank reserves
cuts in China
Earlier remarks are here:
This article was written by Eamonn Sheridan at www.forexlive.com. Source