PBoC: Prudent monetary policy will be more flexible, targeted
|The People’s Bank of China’s (PBoC) said on Wednesday that the prudent monetary policy will be more flexible and targeted and added that it will stabilise land prices, home prices and property market expectations.
"The PBoC will keep liquidity appropriately ample," the bank further noted, as reported by Reuters. "PBoC expects macro leverage ratio to gradually return to a reasonable level."
Market reaction
These headlines don't seem to be having a significant impact on market sentiment. As of writing, the S&P 500 futures were posting small daily gains at 3,318.
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.