PBOC’s Sun: PBOC is paying close attention to foreign central banks rate cuts


Please find below the key comments by PBOC monetary policy department Director, Sun Guofeng, as he speaks about the interest rates outlook.

PBOC is paying close attention to foreign central banks rate cuts.

Monetary policy will depend mainly on domestic conditions

Will deepen interest rate reforms.

Also, will further reduce real interest rates for small firms.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Editors’ Picks

AUD/USD bears rest around three-month bottom to 0.6760 amid broad risk-off

AUD/USD remains in the 11-pip range between 0.6763 and 0.6752, currently declining to 0.6760, by the press time of early Asian session on Tuesday. Coronavirus weighs on the market’s risk tone, tension from the Middle East and the US data also play their roles.

AUD/USD News

USD/JPY grinds near three-week low to sub-109.00 as coronavirus weigh on sentiment

USD/JPY drops to 108.90 at the start of Tuesday’s Asian session. In doing so, the pair tests the lowest since January 08 while also flashing losses for the eighth day in a row. 

USD/JPY News

Crypto market: FOMO mode on, the late-comer's doubt

The crypto market opens the trading week by taking advantage of the momentum of the movement that started early Sunday morning. As if it were an established rhythm, this week it is time to go up after going down the previous one, and up again the previous one.

Read more

WTI: Bears going to town with the coronavirus, fresh lows of $52.18 printed

Oil priced are under pressure, extending a drop from just below the $66 handle at the start of his year to fresh lows at $52.18.

Oil News

GBP/USD trims early gains, trades in the red

The GBP/USD pair has retreated from its daily high of 1.3105 and now trades marginally lower daily basis near 1.3050, amid dollar’s strength, looming BOE and Brexit.

GBP/USD News

Forex MAJORS

Cryptocurrencies

Signatures