Stepping into 2021, the People’s Bank of China (PBOC) pledged to maintain a prudent monetary policy, which is flexible, precise, reasonable and moderate, Xinhua reports, citing a statement posted on the central bank’s website. Key takeaways “To create a sound monetary and financial environment to quicken the establishment of the new development paradigm.” “The country will improve the mechanism for regulating the money supply, and keep the macro leverage ratio basically stable.” “China will deepen the market-oriented reform of interest rates and exchange rates, and keep the yuan’s exchange rate generally stable on a reasonable and balanced level.” “Will support mid and small-sized lenders to replenish their capital through multiple channels, improve the legal system in the bond market, and promote the internationalization of the yuan in a prudent manner.” Related reads PBoC keeps one-year loan prime rate at 3.85% as expected 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 AUD/USD Price Analysis: Teases intraday low near 0.7550, monthly support line defends bulls FX Street 2 years Stepping into 2021, the People’s Bank of China (PBOC) pledged to maintain a prudent monetary policy, which is flexible, precise, reasonable and moderate, Xinhua reports, citing a statement posted on the central bank’s website. Key takeaways “To create a sound monetary and financial environment to quicken the establishment of the new development paradigm.” “The country will improve the mechanism for regulating the money supply, and keep the macro leverage ratio basically stable.” “China will deepen the market-oriented reform of interest rates and exchange rates, and keep the yuan's exchange rate generally stable on a reasonable and balanced level.” “Will support… 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.
