Chinese media: PBOC set for another RRR cut soon

According to headline blips crossing the wires, China's state-run Economic Information Daily is suggesting the People's Bank of China (PBoC) still has further room to run on making cuts to the reserve requirement ratio.

The opinion piece comes at a time when the PBoC just finished cutting the RRR last Friday, pressuring the central bank to take steeper action in order to stave off the growing effects of a global growth slowdown.