China Securities Journal: PBOC unlikely to loosen policy substantially

Omkar Godbole FXStreet Contributor

The People's Bank of China (PBOC) is unlikely to loosen monetary policy substantially, unless there is a significant slowdown in the economic activity, according to a front-page commentary on the China Securities Journal.

Key points

There will be target RRR cuts.
Liquidity in the bank market is not very tight.
The narrowing China-US interest rate spread puts pressure on the yuan and on capital flows.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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