News Snapshot:
The headquarters of the People's Bank of China in Beijing. [Photo/Xinhua] China's central bank may have more room to maneuver toward stable economic growth in the second half of the year as the United States is expected to slow down the pace of its monetary tightening, industry experts said on Thursday. The experts said it remains possible for the People's Bank of China, the country's central bank, to further reduce interest rates and the reserve requirement ratio－the proportion of funds banks must hold in reserve－over the rest of the year as the spillover effect of tightening by the U.S. Federal...
