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Forecast for liquidity boost from the People's Bank of China, and a possible RRR cut

Forecast for liquidity boost from the People's Bank of China, and a possible RRR cut
This is interesting from ING on China:The IMF has commented that China has room for looser monetary and fiscal policy based on low inflation in China. In the past, Chinese policymakers have usually taken into account IMF comments on monetary policy. Following these comments, we see a higher chance of liquidity injections via open market operations and monthly MLF operations. Even a RRR cut is possible. A cut in the policy interest rate (7D reverse repo and 1Y MLF) is less likely than liquidity m... Read More
Posted: May 3 2023, 01:52
Author Name: forexlive
Views: 103168

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