PBOC’s Q2 monetary policy report indicates marginal tightening – China Press

29 Jun 2020, 13:15 · Views 715

According to a commentary in the 21st Century Business Herald published on Sunday, the People’s Bank of China’s (PBOC) latest Q2 monetary policy report suggests a marginal tightening.

Key quotes

“Compared with the Q1 report, the PBOC has put forward a new requirement that monetary policy should take into account "sustainable development".

“This could mean the period of the loosest monetary policy has passed.”

“The PBOC also removed "controlling inflation" from its target as the CPI fell. “

“Although this will leave room for some monetary easing, the easing won't be greater than that in the first half of the year.”

Related content

China’s coronavirus vaccine gets special military drug approval
Coronavirus update: New COVID-19 cluster in China, seventh day of above 5,000 cases from Texas

Reprinted from FXStreet，the copyright all reserved by the original author.

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