China rate cut may boost markets – BSP

China’s decision to lower interest rates should be positive for global markets if it eases concerns over a slowdown in the world’s second largest economy, the Bangko Sentral ng Pilipinas (BSP) chief said on Monday.

Central bank Governor Amando Tetangco Jr., however, also warned that structural reforms were still needed and noted that flows to safe havens could follow Friday’s rate cut. Some analysts, meanwhile, declared that China’s easing would do little to support growth.