PBOC Adviser Ma: China's central bank to lower funding costs, prevent debt and inflation risks

Dhwani Mehta FXStreet

In an interview with the official Financial News, Ma Jun, an external adviser to the People's Bank of China’s (PBOC) monetary policy committee (MPC), said that will continue to lower financing costs for the economy.

The PBOC, however, must prevent leverage ratios from rising and should also consider inflation pressure, he added.

Ma said that it would take some time for a recent cut in banks' reserve requirement ratios to affect the loan prime rate (LPR), the benchmark lending rate.

USD/CNH Price Analysis: Rises to two-week highs despite impending “death cross”

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.

EUR/USD struggles to regain momentum in the low1.1600s

EUR/USD is giving some signs of life in the aftermath of two severe days of losses on Wednesday, reclaiming the 1.1600 hurdle and above on the back of the resurgence of a mild selling bias around the US Dollar. Moving forward, the usual US weekly Claims will take centre stage on Thursday ahead of Friday’s crucial NFP data.

GBP/USD appears bid around 1.3370

GBP/USD reverses part of its recent multi-day decline, gathering some balance and managing to reach the 1.3400 region, where some initial resistance seems to have turned up. Cable’s uptick comes in response to some loss of momentum in the Greenback despite the geopolitical scenario remaining fragile.

Gold recovers modestly despite intensifying Middle East crisis

Gold keeps its daily gains well in place, although a break above the $5,200 mark per troy ounce still remains elusive on Wednesday. The yellow metal’s rebound comes in response to the persistent flight-to-safety amid intense geopolitical tensions in the Middle East and the bearish performance of the US Dollar.