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

MNI: PBOC Net Drains CNY11 Bln Via OMOs Wednesday

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

CHINA SETS YUAN CENTRAL PARITY AT 7.1196 WEDS VS 7.1075

EZ/UK Bond Supply Calendar: UK & DE to issue, ES, FR, LT Synds

EZ/UK T-Bill Calendar: Greece & EU to issue Wednesday

BoC Data Watch

MNI: Quarter Of Emerging Economies Cut Off From Bond Market

MNI: Trade Growth Sustained Through U.S.-China Fight, IMF Says

MNI BRIEF: Trudeau Blames NIMBYs For National Housing Squeeze

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

RRR Cut Indirectly Supports Property - Cailian

CHINA PRESS
MNI (BEIJING)
Metals bulletEM BulletFixed Income NewsHomepagemarkets-real-timeCommoditiesEnergy BulletsBulletMarketsEmerging Markets NewsForeign Exchange News

The People's Bank of China (PBOC) move to lower the reserve requirement ratio (RRR) will support the real estate market by improving wider economic conditions and boosting house buyer sentiment, according to news outlet Cailian. Analysts said while not directly aimed at the real estate sector, RRR cuts historically had boosted the market by easing financial conditions for developers. The foundation of the property recovery is not solid and the latest RRR cut does not rule out more targeted interest rate cuts for the sector in the near future, the news outlet said.

93 words

To read the full story

Why Subscribe to

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.

The People's Bank of China (PBOC) move to lower the reserve requirement ratio (RRR) will support the real estate market by improving wider economic conditions and boosting house buyer sentiment, according to news outlet Cailian. Analysts said while not directly aimed at the real estate sector, RRR cuts historically had boosted the market by easing financial conditions for developers. The foundation of the property recovery is not solid and the latest RRR cut does not rule out more targeted interest rate cuts for the sector in the near future, the news outlet said.