Bloomberg News

Fitch Says China Reserve Ratio Cuts Won’t Signal Monetary Easing

February 02, 2012

Feb. 2 (Bloomberg) -- China will probably cut the reserve requirment ratio “periodically” this year to allow banks to mobilize more funds for lending, Charlene Chu, a senior analyst at Fitch Ratings, said today.

The cuts will give banks the resources they need to extend credit and won’t constitute looser monetary policy, Chu said on a conference call today. New loans may reach 9 trillion yuan this year, she said.

To contact the editor responsible for this story: Nathaniel Espino at nespino@bloomberg.net


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