China central bank sees benchmark rate cut as last resort, may use other tools
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But the People#39;s Bank of China is likely to cut market-based rates and further lower banks#39; reserve ratios to boost credit growth and reduce firms#39; borrowing costs, according to the sources involved in internal policy discussions.China central bank sees benchmark rate cut as last resort, may use other tools
But the People#39;s Bank of China is likely to cut market-based rates and further lower banks#39; reserve ratios to boost credit growth and reduce firms#39; borrowing costs, according to the sources involved in internal policy discussions. Read more