- Analytics
- News and Tools
- Market News
- PBOC may cut Reserve Requirement Ratios in near term – China Press
PBOC may cut Reserve Requirement Ratios in near term – China Press
The People's Bank of China (PBOC) remains poised to slash the reserve requirement ratios (RRR) soon to help boost banks' long-term funding, the China Securities Journal said citing an analysts’ survey.
Key takeaways
About 63% of investors expect RRR cuts in the next three months, while only 47% also expect rate cuts.
Commercial banks are under liabilities pressure as seen in the recent rise in the interbank deposit rate.
The central bank has made net injections of liquidity for the last five straight days, signaling its intention to keep liquidity ample.
Market reaction
USD/CNY has picked up fresh bids in tandem with the US dollar, despite the risk-off tone in the global equities.
The spot was last seen trading at 6.3762, up 0.06% on the day.
AUD/USD is trading on the defensive near 0.7500, modestly flat so far.
© 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
