- Analytics
- News and Tools
- Market News
- PBOC seen selling yuan to boost economy – Nomura
PBOC seen selling yuan to boost economy – Nomura
According to Nomura’s Chief China economist Ting Lu, the People’s Bank of China (PBOC) needs to stimulate the economy to counter a slowdown by swapping the yuan for foreign exchange.
Key quotes
“First, it could prevent the yuan from appreciating further.”
“Second, it could raise the PBOC’s FX reserves in a time of rising market fear of Chinese corporates’ offshore dollar bonds defaults.”
“Third, it could add liquidity to the economy, which is slowing to a worrisome pace.”
“We expect the net purchases of FX by the PBOC could increase significantly in the coming months.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
