Central bank chief: any monetary tool possible  

周小川回应央行天量逆回购：哪种工具都不排除

针对中国央行近期连续“大手笔”逆回购向市场注资，中国央行行长周小川22日出席中国社科院金融研究所十年庆论坛后表示，央行不会排除使用任何形式的货币政策工具。

Beijing (CNS) – The central bank will employ every necessary monetary tool to deal with the economic downturn, Zhou Xiaochuan, president of the People's Bank of China, has said.

Zhou spoke Wednesday in Beijing at the 10th Anniversary Forum of the Financial Research Institute of the Chinese Academy of Social Sciences.

The central bank pumped 220 billion yuan (US$34.9 billion) into the banking system via reverse repurchasing on Tuesday, marking a record daily high since the operation was launched in May. The effect was equal to cutting the banks' reserve requirement ratio (RRR) by 25 base points.

The reverse repurchase operation will dampen expectations of another cut to the RRR, experts said.

China has cut its interest rate and RRR twice this year in a bid to boost the economy.