SENIOR PBOC OFFICIAL HINTS AT FURTHER EASING TO COME
Zou Lan, head of the People’s Bank of China’s (PBOC) monetary policy department, in an interview with state media outlet Xinhua News Agency on Tuesday, hinted a further policy easing by the central bank.
Key comments:
- The PBoC may use open market operations, medium-term lending facilities and reserve requirements among other monetary policy tools to provide “strong" support for reasonable credit growth.
- PBoC will strengthen its counter-cyclical and cross-cycle policy adjustments to create favourable financial conditions for the country’s economic growth.
- PBoC will also take measures to prevent funds from clogging and idling while guiding financial institutions to strengthen their liquidity risk management for stable money market operations
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
If you like, reward to support.
Hot
No comment on record. Start new comment.