MNI BRIEF: China March CPI Lower Than Market Expectation

MNI: PBOC Injects Net CNY2 Bln Via OMO Thurs; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0968 Thurs; -4.96% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.0968 THURS VS 7.0959

MNI BRIEF: Brazil Inflation 3.93% In March, Lowest In 9 Months

CHINA MAR FOOD PRICES -2.7% Y/Y VS -0.9% Y/Y FEB

CHINA MAR CPI +0.1Y/Y VS MEDIAN +0.4%; FEB +0.7% Y/Y: NBS

MNI: US MAR TREASURY BUDGET -236.5B

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

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

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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

PBoC to Cut Reserve Requirement Ratio by 25bps, Effective Mar 27

CHINA
  • China's PBoC are to cut the reserve requirement ratio by 25bps to 10.75%, effective March 27th.
  • It had been a topic of conversation for governor Yi Gang around a week or so ago, where he made comments in a media briefing stating that "a reduction in the reserve requirement ratio would be an effective way to inject liquidity" However he also suggested that there was limited room for policy rate cuts and the possibility of a lower RRR depending on the economic outlook.
  • All-in-all, the move was inline with expectations, however it may be coming sooner than expected - the Shanghai Securities News wrote yesterday that "The probability for China to reduce its banks’ reserve requirement ratio still exists as the country has entered into a credit easing cycle, but the likelihood of an interest rate cut in the short term remains low"
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities

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.