Citing four sources involved in the internal policy discussions, Reuters reports that the People’s Bank of China (PBOC) is likely to pause its monetary policy easing, as it doesn’t see any immediate need.

Key quotes

“Will keep conditions accommodative to support a recovery in the world's second-largest economy.”

“Wants to avoid the side-effects caused by an excessive stimulus, such as a surge in debt and risks of bubbles in the property market.”

"We should keep monetary policy stable in the near term and leave some space for the future."