- PBOC has limited room to ease amid inflation, capital flight concerns – Reuters
Market news
18 August 2022
PBOC has limited room to ease amid inflation, capital flight concerns – Reuters
The People’s Bank of China (PBOC) has limited room to ease due to concerns over inflation and capital flight, Reuters reported late Wednesday, citing PBOC insiders.
Additional takeaways
Economic recovery looking increasingly shaky.
PBOC seen easing further in response.
PBOC likely to lower the key lending rate next week to spur demand.
Imminent RRR cut seen unlikely due to ample cash in the economy.
Related reads
- USTR: To begin formal negotiations on a trade initiative with Taiwan in early autumn
- AUD/USD slides towards 0.6900 on surprise fall in Australia’s Employment Change
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page