Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
The People's Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) have raised the macro-prudential adjustment parameter for cross-border financing from 1.5 to 1.75, effective January 13, 2025. This adjustment aims to enhance liquidity for the yuan and mitigate unilateral depreciation pressures. The decision reflects China's ongoing efforts to stabilize its currency amid a strong U.S. dollar and other economic challenges. PBOC officials, including Deputy Governor Xuan Changneng, have emphasized the need for a moderately loose monetary policy to support economic recovery and manage liquidity. The central bank also reiterated its commitment to maintaining the stability of the foreign exchange market.
#China Securities Regulator Vows Efforts to Stabilize Market – Bloomberg
The People’s Bank of China emphasizes its goal to keep the yuan stable, as the currency hovers near a record low in offshore trading amid headwinds from a slowing economy. https://t.co/IclgQNcsdH
The People's Bank of China will implement a moderately loose monetary policy this year, in accordance with the central government's requirement to execute more proactive macroeconomic policies, Xuan Changneng, deputy governor of the central bank, said today. https://t.co/f1nl3l1nDH
