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Report: Further scope for monetary easing

China's central bank should cut banks' required reserve ratios further to deal with deflation risks, according to an article in the People's Bank of China's newspaper on Thursday. "To fend off possible deflation, the central bank should continue to adjust tools, from required reserve ratios and benchmark interest rates, at the appropriate time," the Financial News article said. Highlighting the scope for possible monetary easing, consumer inflation will moderate to 1.3 percent in the first quarter and 1.7 percent in full-year 2015, the latest Bloomberg News survey of economists said.