International Monetary Fund (IMF) says it wants policy easing from People's Bank of China

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Krishna Srinivasan, director of the IMF's Asia and Pacific
Department:</p><ul><li>
If conflict in the Middle East escalates, it could affect oil prices
which would have bearings in many countries in Asia</li><li>Chinese authorities
need to give consistent, clear set of messages to address property
sector woes, need to separate viable from non-viable while protecting
home buyers</li><li>We don't see
deflation as baseline scenario in China</li><li>PBoC's cut to bank
reserves consistent with our proposal to have more monetary easing</li><li>Going forward we
would prefer if there were more policy rate cuts than bank reserves
cuts in China</li></ul><p>

Earlier remarks are here:</p><ul><li><a href="https://www.forexlive.com/centralbank/imf-says-it-expects-japans-inflation-to-exceed-2-target-until-2025-20240131/" target="_blank" rel="follow" data-article-link="true">IMF says it expects Japan's inflation to exceed 2% target until 2025</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.