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CHINA PRESS: PBOC Could Take Countercyclical Measure For Further Yuan Weakness

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

The Chinese central bank will likely make countercyclical adjustments should the yuan weaken to about 7.3 against the U.S. dollar should U.S. President Elect Donald Trump impose additional tariffs in 2025, said analysts from China Galaxy International Securities. The People’s Bank of China will mainly use reserve requirement ratio cuts and net purchases of government bonds to ease as yuan weakness becomes an important constraint on interest rate cuts, the analysts said. The offshore yuan fell below the 7.2 mark on Wednesday, weakening over 1,000 points during the day. (Source: Choice Data)

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The Chinese central bank will likely make countercyclical adjustments should the yuan weaken to about 7.3 against the U.S. dollar should U.S. President Elect Donald Trump impose additional tariffs in 2025, said analysts from China Galaxy International Securities. The People’s Bank of China will mainly use reserve requirement ratio cuts and net purchases of government bonds to ease as yuan weakness becomes an important constraint on interest rate cuts, the analysts said. The offshore yuan fell below the 7.2 mark on Wednesday, weakening over 1,000 points during the day. (Source: Choice Data)