The policy has taken a more dovish tilt in China, aimed at "economic stability". China’s cut of two key policy interest rates opens the door to more monetary easing actions ahead. This is despite the sentiment that the Federal Reserve will probably hike rates from March. On Monday, China cut the one-year medium-term lending facility rate and the seven-day reverse repurchase rate for the first time in almost two years. The one-year tenor was already dropped by five basis points last month, so all eyes are on whether the five-year rate will decline to allow for cheaper mortgages. ''We expect at least another 10bp ... (full story)