PBOC advisor: there's still room for further liquidity injections - China Press

Joshua Gibson FXStreet

According to China's Economic Information Daily newspaper, citing an advisor for the People's Bank of China (PBOC), there is still room for further liquidy injections in China's economy.

The advisor went on to say that even with the potential for further liquidity injections, the Yuan remains stable, and the PBOC is confident that the CNY will maintain its stability as the central bank engages in monetary mechanisms.

Further liquidity would likely be achieved by a further cut to the reserve requirement ratio (RRR), though the PBOC does have access to other policy tools.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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