China ready to cut rates again on fears of deflation, sources tell Reuters

Section:

By Kevin Yao
Reuters
Monday, November 24, 2014

BEIJING -- China's leadership and central bank are ready to cut interest rates again and loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures, and job losses, said sources involved in policy-making.

Friday's surprise cut in rates, the first in more than two years, reflects a change of course by Beijing and the central bank, which had persisted with modest stimulus measures before finally deciding last week that a bold monetary policy step was required to stabilize the world's second-largest economy. ...

... For the remainder of the report:

http://www.reuters.com/article/2014/11/24/us-china-economy-policy-exclus...



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