- Will improve monetary policy control and adjustment to be more forward-looking, effective
- Will keep liquidity ample, guide financial institutions to strengthen credit supply
- To push for social financing costs to be lower
- To strengthen resilience of forex market, stabilise market expectations
- Will keep yuan exchange rate at reasonably stable level
They’ve been keeping up this rhetoric for the whole month now, even before the National People’s Congress. But I reckon they would be more comfortable in pursuing a RRR cut next when there is less pressure on the yuan currency. And with that, meaning more clarity from Trump’s tariffs.
This article was written by Justin Low at www.forexlive.com.
