PBOC Governor Pan: Interest rate and RRR tools will be utilized to maintain ample liquidity
Source Fxstreet
People's Bank of China (PBOC) Governor Pan Gosheng said on Monday that “interest rate and RRR tools will be utilized to maintain ample liquidity.”
Additional comments
Reaffirms China plans to increase the fiscal deficit.
China will remain a driving force for the global economy.
Policy focus should shift towards investment and consumption.
Challenges persist in China's economic development.
Emphasis will be placed on boosting residents' consumption demand.
China's real estate market is reaching a new equilibrium.
Will significantly increase China's national foreign exchange reserve allocation in Hong Kong.
Will support Hong Kong monetary authority to use exchange funds to replenish the offshore Renminbi market.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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