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CHINA: PBOC Governor Commits to Further Support in 2025. 

CHINA
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • The PBOC’s Governor Pan was speaking at a financial forum on Monday where he reiterated the Central Bank’s commitment to supporting the economy.
  • The PBOC will “adhere to an accommodative monetary policy stand and orientation” Pan told the forum.
  • The Governor reiterated that the Central Bank will ‘step up counter-cyclical policy adjustments’ and that the ‘PBOC will also use various tools to keep liquidity ample and lower borrowing cost for companies and resident.’
  • Earlier in the year there was a belief that the authorities were adamant that the 10-year government bond yield should not be allowed to trade lower than 2.15%.
  • Today as the 10-year breaches 2.00%, the Governor’s comments may be pointing to much lower yields in China over the coming years. 
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  • The PBOC’s Governor Pan was speaking at a financial forum on Monday where he reiterated the Central Bank’s commitment to supporting the economy.
  • The PBOC will “adhere to an accommodative monetary policy stand and orientation” Pan told the forum.
  • The Governor reiterated that the Central Bank will ‘step up counter-cyclical policy adjustments’ and that the ‘PBOC will also use various tools to keep liquidity ample and lower borrowing cost for companies and resident.’
  • Earlier in the year there was a belief that the authorities were adamant that the 10-year government bond yield should not be allowed to trade lower than 2.15%.
  • Today as the 10-year breaches 2.00%, the Governor’s comments may be pointing to much lower yields in China over the coming years.