PBOC Governor Pan: Interest rate and RRR tools will be utilized to maintain ample liquidity
FXStreetJan 13, 2025 2:09 AM
People's Bank of China (PBOC) Governor Pan Gongsheng 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.
Related news
- AUD/USD: Below 0.6180 further weakness can be expected – UOB Group
- China Foreign Exchange Committee pledges to support the Yuan
- PBOC stalls treasury bond buying citing short supply
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