PBOC’s Q2 monetary policy report indicates marginal tightening – China Press
|According to a commentary in the 21st Century Business Herald published on Sunday, the People’s Bank of China’s (PBOC) latest Q2 monetary policy report suggests a marginal tightening.
Key quotes
“Compared with the Q1 report, the PBOC has put forward a new requirement that monetary policy should take into account "sustainable development".
“This could mean the period of the loosest monetary policy has passed.”
“The PBOC also removed "controlling inflation" from its target as the CPI fell. “
“Although this will leave room for some monetary easing, the easing won't be greater than that in the first half of the year.”
Related content
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.