Easing stays on PBOC's policy agenda

Interest rate reform not to have direct impact on renminbi exchange rate

Further monetary easing remains one of the options to support economic growth in China, after the debut of the new market-driven lending rate, according to central bank officials.

"There is room for cutting interest rates and reserve requirement ratios," Liu Guoqiang, deputy governor of the People's Bank of China, the central bank, told reporters on the sidelines of a news conference on Tuesday.