MNI BRIEF: BOE Rate Cut Closer But Still Some Way Off - Pill

MNI China Daily Summary: Tuesday, April 23

RPT-MNI INTERVIEW: Kaplan Says Loose Fiscal Is Holding Up Cut

MNI BRIEF: Hungary Central Bank Cuts To 7.75% As Expected

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1059 Tues; -5.03% Y/Y

Tax Revenue Tracking Around E10bln Lower than YTD Forecast (2/2)

Tax Revenue Tracking Around E10bln Lower than YTD Forecast (1/2)

MNI: US MAR NEW HOME SALES +8.8% TO 0.693M SAAR

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: PBOC To Maintain Ample Liquidity, Target Idle Funds

MNI (Singapore)
(MNI)Beijing
Central Bank NewsPolicy NewsPBOCAPACChinaEM Policy NewsEM Policy StoryEM BriefEM Central Bank NewsPeoples Bank of ChinaBriefStoryRegion
True

Chinese monetary policy will aim to maintain ample liquidity while putting idle funds to good use, and enhance the stability of capital markets, Premier Li Qiang said when releasing the government work report during the opening ceremony of National People’s Congress on Tuesday.

The central bank will improve the monetary policy transmission to “prevent funds from sitting idle or simply circulating within the financial sector,” and ensure a decline in overall financing costs and support key sectors and improve weak links, the report said. (See MNI: China To Pursue Moderate Policy Support In 2024)

Keep reading...Show less
143 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.

Chinese monetary policy will aim to maintain ample liquidity while putting idle funds to good use, and enhance the stability of capital markets, Premier Li Qiang said when releasing the government work report during the opening ceremony of National People’s Congress on Tuesday.

The central bank will improve the monetary policy transmission to “prevent funds from sitting idle or simply circulating within the financial sector,” and ensure a decline in overall financing costs and support key sectors and improve weak links, the report said. (See MNI: China To Pursue Moderate Policy Support In 2024)

Keep reading...Show less