PBOC's Zhou Xiaochuan: No Major Policy Changes Coming

周小川回应降准：不会采取大规模刺激 (Zhou Xiaochuan Answers Calls to Lower RRR: No Large Scale Stimulus)

Central bank governor Zhou Xiaochuan said in Beijing, although the economic situation has changed, determining the economic situation requires more precision, short-term data does not necessarily indicate a problem.

Zhou Xiaochuan said the above at the Tsinghua University Wudaokou Financial Forum.

As for rumors that the central bank will cut the RRR, Zhou said, determining the economic situation requires more precision, although the economic situation is changing, we must be prudent in reaching a verdict, the short-term data does not necessarily indicate a problem.

Zhou said the central bank's counter-cyclical policy is all fine tuning, from the current situation, the State Council stressed that macro-control should be stable and will not carry out a large scale stimulus.