PBOC seen shifting focus to stabilizing leverage – China Press
|The People’s Bank of China (PBOC) is likely to change its monetary policy stance towards containing macro leverage ratios this year in a departure from last year's priority of reducing business financing costs, 21st Century Business Herald reports in an editorial article.
Additional takeaways
“The government may align M2 and social financing growth with nominal GDP.”
“The central bank may keep policy rates or reserve ratios unchanged unless growth deviates from the targeted range, and adjust liquidity mainly by open market operations.”
Market reaction
USD/CNY is under pressure around 6.4646, down 0.08% on the day, at the press time. The yuan traders digest the latest PBOC headlines amid a broadly subdued US dollar.
AUD/USD refreshes intraday high above 0.7800 on upbeat Australian Q4 GDP
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.