Free Trial

The PBOC may consider lowering the......>

CHINA PRESS
CHINA PRESS: The PBOC may consider lowering the reserve requirement ratio to
fill the liquidity gap, according to a report in the Securities Daily. The
newspaper cited Xu Hongcai, the deputy chief economist at government backed
think tank the China Center for International Economic Exchanges, who said the
growth of M2 is still lower than that of nominal GDP, while M1 growth has been
lingering at a low level of close to 1%. This indicates a liquidity gap and
requires a RRR cut, Xu said.

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.