How much is the possibility to lower RRR and IR in China?
As liquidity still seems snubbing the waning economy, People’s Bank of China (PBoC) kept implementing the routine injection on Nov. 8th, with a total of CNY 145 billion reverse repo.
open market operation today, injecting RMB 145 billion of liquidity into the banking system. The central bank conduct RMB 65 billion of 7-day reverse repo at 3.35% and RMB 80 billion of 14-day reverse at 3.45%. Rates remain unchanged for this round of injection.People’s Bank of China continues with the routine
From Alsosprachanalyst People’s Bank of China injects RMB145 billion liquidity through open market operation and The record high of liquidity injection
Also please see Reuter's weekly recap of PBoC's OMO Weekly open market operations at a glance
Based on the routine easing implementations, the possibility of lowering RRR and IR seems to dwindle. Any comments on this way to ease market concern or extrapolation on what PBoC’s measurements would be after the power transition?