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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.
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Free AccessPBOC Unlikely To Cut RRR, Rates Shortly-Yicai
The People’s Bank of China is unlikely to cut reserve requirement ratios or policy interest rates in the short-term, and will focus on credit expansion amid weak demand for loans, Yicai.com reported, citing analysts. There is sufficient money supply with M2 growth rising to 12% in Y/Y terms in July, but new loans and aggregate finance saw sharper than expected moderations due to low borrowing and bond issuance by companies, said analysts. The key for the next stage of monetary policy is to convert from loose money to loose credit, and the PBOC should increase support for SMEs and the manufacturing sector, as well as safeguarding the financing of key projects, said Zhou Maohua, researcher at China Everbright Bank.
To read the full story
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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.