China needs to keep options to cut RRR, rates while waiting for bounce, says ex-regulator – CNA

SHANGHAI : China’s central bank needs to keep cuts to interest rates and banks’ reserve requirement ratio among its policy options while waiting for the economy to bounce back, a former senior official at the country’s foreign exchange regulator said. Guan Tao, global chief economist at BOC International and a former official at the State Administration of Foreign Exchange (SAFE), said China’s moderate inflation left room for monetary policy manoeuvre in the second half of the year to support the economy hurt by COVID-19 disruptions, global tightening and geopolitical tensions. “Before the economy returns to a reasonable growth range, it…