An official at the People’s Bank of China (PBOC) said in a statement on Friday, cross-border capital flows will not have big impact on the yuan. Additional quotes China’s economy was under relatively big downward pressure in Q1. China banks’ excess reserve ratio at 2.1% at end-march. The monetary policy transmission mechanism has been improving. China will keep benchmark deposit rate for a long time. Falling lending rates help stabilize deposit rates. China’s macro leverage ratio rose by 5 percentage points in 2019. China should allow macro leverage ratio to rise in a phased way to expand credit to cope with virus impact. China is far away of having liquidity trap. Cross-border capital flows will not have big impact on yuan, which is showing greater flexibility. Some banks have started to lower actual deposit rates due to falling lending rates. 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 GBP Futures: Further upside likely FX Street 2 years An official at the People’s Bank of China (PBOC) said in a statement on Friday, cross-border capital flows will not have big impact on the yuan. Additional quotes China's economy was under relatively big downward pressure in Q1. China banks' excess reserve ratio at 2.1% at end-march. The monetary policy transmission mechanism has been improving. China will keep benchmark deposit rate for a long time. Falling lending rates help stabilize deposit rates. China's macro leverage ratio rose by 5 percentage points in 2019. China should allow macro leverage ratio to rise in a phased way to expand credit to cope… Top 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.
