OctaFX | OctaFX Forex Broker
Open trading account
Back

PBOC cut RRR rate, plans to monetary policy more forward-looking, flexible and targeted

Reuters reports the latest announcement from the People’s Bank of China, stating that it has slashed the Reserve Requirement Ratio (RRR).

It’s worth noting that the RRR cut is the second round of a cut already announced. 

The PBOC says it will implement prudent monetary policy, strengthen counter-cyclical adjustments while making the monetary policy more forward-looking, flexible and targeted.

Additional Headlines:

 Will make monetary policy neither too tight nor too loose.

Will keep liquidity reasonably ample.

Will achieve reasonable growth in credit, total social financing.

China FDI - Foreign Direct Investment (YTD) (YoY) climbed from previous -1.3% to 0.9% in December

China FDI - Foreign Direct Investment (YTD) (YoY) climbed from previous -1.3% to 0.9% in December
Read more Previous

OPEC to publish quotes for new output cut deal - TASS

The Organization of the Petroleum Exporting Countries (OPEC) is planning to publish quotas for individual countries under the new OPEC/non-OPEC produc
Read more Next
Start livechat