Sources: Easing bias remains unchanged but PBOC sees less room this year for cutting RRR - Reuters

Reuters quotes the Chinese government advisers involved in internal policy discussions, as saying that the People’s Bank of China (PBOC) is said to be likely to pause the Reserve Requirement Ratio (RRR) cuts.

Additional Headlines:

Better-than-expected Q1 data reduces urgency for RRR cuts.

PBOC likely to pause to assess economic conditions before making further moves.

Easing bias remains unchanged but PBOC sees less room this year for cutting RRR.

This comes with the view that fiscal stimulus plays a bigger role in spurring growth.