PBOC hints at easing monetary policy further – China Press

Dhwani Mehta FXStreet

The China Securities Journal carried an opinion piece on Wednesday, citing the Chinese analysts, as they foresee the People’s Bank of China (PBOC) easing monetary policy further.

Key Quotes:

“The 5bps reduction in the medium-term lending facility (MLF) rate by the PBOC yesterday sends a signal that the central bank may ease monetary policy further to help stabilize economic growth and the labor market.”

“Monetary easing is likely to be marginal and conducted at a slow pace, given that market rates are currently not high and the PBOC also needs to manage the currency, inflation and the goal of structural de-leveraging.”

PBOC cuts interest rate on one-year MLF to 3.25% from 3.30%

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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