PBOC Rate Cuts May Boost China Outlook etftrends.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etftrends.com Daily Mail and Mail on Sunday newspapers.
People’s Bank of China (PBOC) is set to leave the rate on its one-year policy loans – the medium-term lending facility (MLF) – steady at 2.5 per cent on the first working day after the Lunar New Year holiday ends.
Disappointment at the meagre move saw Chinese blue chips ease 0.3%, while the Australian dollar took a dip as a liquid proxy for China risk. Investors have been hoping for a repeat of the massive fiscal spending that has juiced the economy in the past, but Beijing seems reluctant to add to its borrowing tasks.
A further cut to banks’ reserve requirement ratios is possible, although this had been reduced by reductions in the past, said People’s Bank of China (PBOC) vice-governor Liu Guoqiang.
Acuzații de genocid la adresa Chinei - Rata natațității în rândul uigurilor a scăzut dramatic stiripesurse.ro - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stiripesurse.ro Daily Mail and Mail on Sunday newspapers.