Economist Ho Woei Chen, CFA, and Rates Strategist Victor Young at UOB Group assessed the recent monetary policy report by the PBoC. Key Quotes “In the 3Q Monetary Policy Report dated 15 November, the People’s Bank of China (PBoC) said that downside risk to the economy and challenges have increased amid complicated domestic and external developments. While PBoC maintains its prudent monetary policy stance, it said that it will strengthen counter cyclical adjustments and improve the monetary policy transmission through reforms and push for greater adoption of the Loan Prime Rate (LPR) by the banks in order to reduce real interest rates”. “The focus is also on preventing the spread of higher inflation expectation. This highlights the constraints in easing monetary policy as food inflation has surged on the back of the jump in pork prices. The headline CPI has risen to more than 7-year high at 3.8% y/y in October though the core CPI (excluding food and energy) had remained subdued at 1.5% y/y”. “The central bank reiterated that there will not be “flood-like” stimulus despite slower growth”. 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 Ripple price analysis: XRP/USD nurtures breakdown towards $0.24 FX Street 3 years Economist Ho Woei Chen, CFA, and Rates Strategist Victor Young at UOB Group assessed the recent monetary policy report by the PBoC. Key Quotes "In the 3Q Monetary Policy Report dated 15 November, the People's Bank of China (PBoC) said that downside risk to the economy and challenges have increased amid complicated domestic and external developments. While PBoC maintains its prudent monetary policy stance, it said that it will strengthen counter cyclical adjustments and improve the monetary policy transmission through reforms and push for greater adoption of the Loan Prime Rate (LPR) by the banks in order to reduce real… 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.
