Free Trial

PBOC Should Not Tighten Policy Until H2 of 2021: ​Ex-PBOC Official

CHINA PRESS

The PBOC should not tighten its monetary policy until at least H2 next year given investment and consumption are still below expectations and companies face tight credit conditions after a string of bond defaults, said Sheng Songcheng, a former official with the central bank and now an advisor to the Shanghai government. If the PBOC quits easing, speculative international capital may accelerate the appreciation of the yuan and inflate import prices, said Sheng in a blog post.

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.