In its latest quarterly policy report published on Saturday, the People’s Bank of China (PBOC) highlighted the following key points. China has no conditions for continuous inflation or deflation as the government’s macro policies are taking effect. The domestic economy is facing downward pressure, and its endogenous growth momentum should be further enhanced. PBOC will step up counter-cyclical adjustments while staying away from using a deluge of stimulus policies. Efforts should be enhanced to prevent the spread of the expectations for inflation. The headlines have little to no impact on the CNY markets, as USD/CNY trades on the front foot near 7.0110 despite a stronger Yuan setting by the PBOC. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD Technical Analysis: 200-bar SMA, 38.2% Fibo. question 7-day high FX Street 3 years In its latest quarterly policy report published on Saturday, the People's Bank of China (PBOC) highlighted the following key points. China has no conditions for continuous inflation or deflation as the government's macro policies are taking effect. The domestic economy is facing downward pressure, and its endogenous growth momentum should be further enhanced. PBOC will step up counter-cyclical adjustments while staying away from using a deluge of stimulus policies. Efforts should be enhanced to prevent the spread of the expectations for inflation. The headlines have little to no impact on the CNY markets, as USD/CNY trades on the front foot… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
