International Monetary Fund (IMF) says it wants policy easing from People’s Bank of China

More from Krishna Srinivasan, director of the IMF’s Asia and Pacific

  • 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 Source