PBOC Governor Pan: Interest rate and RRR tools will be utilized to maintain ample liquidity
|People's Bank of China (PBOC) Governor Pan Gongsheng said on Monday that “interest rate and RRR tools will be utilized to maintain ample liquidity.”
Additional comments
Reaffirms China plans to increase the fiscal deficit.
China will remain a driving force for the global economy.
Policy focus should shift towards investment and consumption.
Challenges persist in China's economic development.
Emphasis will be placed on boosting residents' consumption demand.
China's real estate market is reaching a new equilibrium.
Will significantly increase China's national foreign exchange reserve allocation in Hong Kong.
Will support Hong Kong monetary authority to use exchange funds to replenish the offshore Renminbi market.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.