PBOC's Huang says there's smaller room for Chinese interest rate cuts this year

People's Bank of China adviser out with a few thoughts.

room for cuts limited as rate is close to CPIroom for RRR cut smaller than prev 2 yearsyuan depreciation pressure curbs PBOC room for looseningyuan depreciation pressure shows forex system inflexible

Another central bank running out of interest rate cut ammunition. (by Mike Paterson)