Caixin OnlineFinance & EconomicsTop Stories Finance New Mantra for Monetary Policy: Easy Does It
12.07.2011 13:06

New Mantra for Monetary Policy: Easy Does It

Yet the jury is out over whether the central bank's decision to cut bank-reserve ratios set the stage for more loosening in 2012
By staff reporter Zhang Huanyu
 
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Let the monetary easing begin. But bring it on slowly, tweaking the economy with just a slight turn of the wrench.

Some called it a symbolic adjustment when China's central bank dug into its toolbox and gave the go-ahead for more lending and spending November 30 by lowering the nation's bank deposit reserve requirement a half-percentage point.

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Farms and cars are contributing to rising levels of ammonia gas in the country, but the impact on air pollution is still hazy
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