Weekend PBOC news - will keep monetary policy prudent, flexible and appropriate

I am risking taking one eye off the Middle East …. :-D

Some statements from the People's Bank of China over the weekend, along 'everything will be just fine' lines:

• will keep monetary policy prudent, flexible and appropriate
• will continue progress on financial reforms
• will prevent financial crisis
• will continue to help small companies seeking financing
• will continue to let market play a decisive role in the yuan exchange rate
• will keep the yuan stable, in a reasonable range

The latest RRR cut comes into effect today:

• China cuts RRR by 50 basis points
• People's Bank of China to cut RRR by 50 basis points from January 6

And, more to come?

• Global Times says "plenty of room" for more

Governor of the PBOC Yi Gang