0159 GMT - The People's Bank of China is one step closer to cuts in its required reserve ratio and its policy rate, Goldman Sachs's Xinquan Chen says in a report. The central bank unveiled a package of credit easing measures on Thursday. Chen says PBOC officials' comments on monetary issues signaled that there is now some scope for required-reserve-ratio and policy-rate cuts. "Compared with the earlier reluctance to cut the policy rate and the RRR, we view this as a step closer to broader monetary easing," Chen says. "The PBOC officials signaled more comfort with CNY strengthening, pointing to corporates' lower sensitivity to FX volatility," the economist adds. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 15, 2026 20:59 ET (01:59 GMT)
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