MNI BRIEF: China Oct M2 Rises To Seven-Month High

MNI BRIEF: Japan Oct Sentiment, Outlook Indexes Both Fall

MNI: PBOC Net Injects CNY116.4 Bln via OMO Monday

CHINA YTD NEW LOANS CNY16.52 TRLN VS MEDIAN CNY16.7 TRLN: PBOC

MNI BRIEF: PBOC Has Room For More Easing : Research Head

MNI: PBOC Sets Yuan Parity Higher At 7.1786 Mon; +1.55% Y/Y

MNI: NORWAY OCT CORE CPI +0.2% M/M, +2.7% Y/Y

MNI: NORWAY OCT CPI +0.6% M/M, +2.6% Y/Y

MNI BRIEF: China Oct CPI Slows For 2nd Month To 0.3% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CHINA PRESS: PBOC Seen To Cut RRR In Q4

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

The People’s Bank of China is likely to cut the reserve requirement ratio in Q4 to boost liquidity and stands ready to lower the medium-term lending facility rate further depending on financial data results, the Economic Information Daily reported, citing analysts. The central bank launched its outright reserve repo tool this week to smooth funding fluctuations caused by the large-scale maturity of MLFs and provide a favourable environment for the economic rebound, said Dong Ximiao, chief researcher at Merchants Union Consumer Finance. As a result, the PBOC will not make large MLF rollovers in November and December, and the facility’s status as the policy rate will be further diluted, Dong added.

111 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The People’s Bank of China is likely to cut the reserve requirement ratio in Q4 to boost liquidity and stands ready to lower the medium-term lending facility rate further depending on financial data results, the Economic Information Daily reported, citing analysts. The central bank launched its outright reserve repo tool this week to smooth funding fluctuations caused by the large-scale maturity of MLFs and provide a favourable environment for the economic rebound, said Dong Ximiao, chief researcher at Merchants Union Consumer Finance. As a result, the PBOC will not make large MLF rollovers in November and December, and the facility’s status as the policy rate will be further diluted, Dong added.