• PBOC governor Yi Gang: Current benchmark lending and deposit rates are at appropriate level

Market news

28 May 2019

PBOC governor Yi Gang: Current benchmark lending and deposit rates are at appropriate level

  • China remains confident in keeping yuan stable at a reasonable level

  • Factors supporting yuan includes lower chance of a Fed rate hike

  • Yields spread between 10-year US and China bonds are in a "relatively comfortable range"

  • Will improve efficiency and transparency on disposal of defaulted debt

  • Reiterates to maintain prudent monetary policy

EUR/USD: Guided by the European politics – Danske Bank
Consumer confidence in France rose more than expected in May
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