China’s monetary policy to be targeted, accurate – Securities Journal
|China’s Securities Journal said in their latest editorial piece, citing experts, in order to stabilize economic growth and maintain price stability, monetary policy will further enhance forward-looking, flexibility and effectiveness.”
Additional takeaways
“Increase support for policy-oriented developmental financial instruments, and promote more effective investment to accelerate implementation within the year. Continue to make efforts to "wide credit", stimulate the vitality of micro-entities, and boost market confidence.”
“Improve the forward-looking effectiveness of policies.”
Market reaction
USDCNY was last seen trading at 7.1620, up 0.60% on a daily basis, as China’s covid concerns weigh heavily on the Chinese Yuan.
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