Free Trial

MNI BRIEF: Balance Growth With Risk Control - PBOC's Zou

MNI (Beijing)

The Peoples’ Bank of China will ensure counter cyclical adjustments find balance between growth and risk, according to Zou Lan, director-general, monetary policy department t the central bank. Speaking at a press conference on Friday, Zou said the PBOC will coordinate RRR cuts, open market operations, medium-term lending facilities and various structural monetary-policy tools in future to provide reasonable and sufficient liquidity in the banking system.

Advisors recently told MNI moves by the PBOC to strengthen the yuan and stimulate the economy could see the currency breach CNY7.0 against the U.S. dollar later this year. (See MNI: Yuan Seen As High As 7.0 After PBOC, Politburo Moves - Bonds & Currency News | Market News)
MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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.