The People’s Bank of China (PBOC) has limited room to ease due to concerns over inflation and capital flight, Reuters reported late Wednesday, citing PBOC insiders.
Additional takeaways
Economic recovery looking increasingly shaky.
PBOC seen easing further in response.
PBOC likely to lower the key lending rate next week to spur demand.
Imminent RRR cut seen unlikely due to ample cash in the economy.
