China’s central bank is likely to pause to assess economic conditions before making any further moves to ease lenders’ reserve requirements, after better-than-expected growth data reduced the urgency for action, policy insiders said. Although the central bank’s easing bias remains unchanged, it sees less room this year for cutting reserve requirement ratios (RRRs) - the share of cash banks must hold as reserves - as fiscal stimulus plays a bigger role in spurring growth, according to government advisers involved in internal policy discussions. The People’s Bank of China (PBOC) is also worried that pumping too much ... (full story)