MNI is reporting this morning ...
(bolding is mine):
- The Chinese government may lower the required deposit reserve ratio again
- Following the release of second quarter economic data next month
- Decision continues to be debated amid signs of improved capital flows, economic stabilization and an increasingly volatile stock market
hmmmm - I'll see if I can get more
But, note from what we have got - its still being debated ... a "may" at this stage
The date nominated is July 15 (for the release of the Q2 data)
MNI's source on this an unnamed "senior Chinese economist and advisor"
- Says lowering the RRR is 'an inevitable trend'
Kudos to him for sticking his neck out with a specific date. But, please, treat with care.
And, of course, thanks to MNI for the report.