On 24th October, the People's Bank of China has again lowered both the benchmark interest rates and the reserve requirement ratio (RRR).

Anbound's research team is of the view that the central bank’s intention to maintain a stabilized economy is obvious.

The impacts of the monetary easing policy, however, have reduced and more pro-active fiscal policy should be pursued to regulate the economy in the future.

As far as the banks are concerned, the interest rate marketization will eventually be completed and the need to transform banks is immediate.