Free Trial

PBOC May Leave Policy Room for Next Year's Growth: Herald

CHINA PRESS
MNI (Singapore)

The PBOC is likely to withhold major monetary and credit easing measures until next year, judging by the statement from a Monday meeting chaired by Governor Yi Gang, which emphasized "coordinating macro policies this year and next year", the 21st Century Business Herald said. The PBOC is seen unlikely to continue with another RRR cut in Q3, but possibly in Q4 if economic slowdown accelerates and debt defaults surge, the newspaper said citing Zhang Jiqiang, deputy research head of Huatai Securities. New loans may hit a new high in Q1, 2022, as more investment projects to stabilize the growth start, which require loans to back up, the newspaper said.

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.