Free Trial

PBOC to Keep Ample Liquidity, Increase Yuan Flexibility

CHINA PRESS
MNI (Singapore)

The People’s Bank of China will keep liquidity reasonable and ample next year while making monetary policy more “forward-looking and targeted” through both short and long-term measures, so as to help promote stable growth demanded by last week’s top leadership meeting on the economy, the CEWC, according to a statement on its website. The central bank will also strengthen the flexibility of the yuan exchange rate and promote lower costs of capital raising through further reforming interbank market rates, the statement read.

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.