China has more policies in reserve to support growth – Securities journal

Dhwani Mehta FXStreet

The People’s Bank of China (PBOC) could roll out more monetary policy measures to support the economic growth, the China Securities Journal said in a column citing experts' opinions.

Key takeaways

“China still has more room to tweak its monetary policies to aid growth even after the cuts to reserve ratios and interest rates, but it will use its abundant policy reserve at the "right time and rhythm.”

“With overall demand weak, the government first needs policies that generate immediate impacts, such as technological and urban infrastructure investment.”

“These measures will optimize the economic structure in the longer term.”

Market reaction

USD/CNY was last seen trading at 6.3578, down 0.05% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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