Ma Jun, an external adviser to the People’s Bank of China’s (PBOC) monetary policy committee (MPC), said that the central bank has a relatively big room for further Reserve Requirement Ratio (RRR) cuts and targeted RRR cuts. He added that the PBOC can also ramp up open market operations (OMOs) if necessary. This comes after the central bank unexpected left the Loan Prime Rate (LPR) rate unchanged this month, as the coronavirus situation improves in the country, with households and businesses returning to normalcy. Market reaction Markets are enjoying some signs of risk recovery amid positive Asian stocks, as the global stimulus measures to fight the virus outbreak seem to be playing out. The rush for safety in the greenback is seen losing steam, as the US dollar index corrects sharply from three-year highs, dragging USD/JPY back below 110.00 alongside. 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 Asian stocks take clues from Wall Street, risk reset FX Street 2 years Ma Jun, an external adviser to the People's Bank of China’s (PBOC) monetary policy committee (MPC), said that the central bank has a relatively big room for further Reserve Requirement Ratio (RRR) cuts and targeted RRR cuts. He added that the PBOC can also ramp up open market operations (OMOs) if necessary. This comes after the central bank unexpected left the Loan Prime Rate (LPR) rate unchanged this month, as the coronavirus situation improves in the country, with households and businesses returning to normalcy. Market reaction Markets are enjoying some signs of risk recovery amid positive Asian stocks, as the global stimulus… 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.
