Market views of monetary policy moves too 'simplistic' – China Press

Dhwani Mehta FXStreet

Following the increased expectations of a Reserve Requirement Ration (RRR) cut by the People’s Bank of China (PBOC) as soon as this month, China’s Cabinet-backed newspaper, the Economics Daily, warned against the market’s "simplistic" interpretations of monetary policy moves.

Key takeaways

"This is a rather simplistic interpretation of macro policy, which could easily lead to misunderstandings.

“China's monetary policy will be more focused on its continuity and stability while taking into account the government's short-term and long-term goals.”

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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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