Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Economy

China has room to cut RRR further, PBOC official says

admin by admin
December 14, 2024
in Economy
0
China has room to cut RRR further, PBOC official says
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

BEIJING (Reuters) – China has room to further cut the reserve requirement ratio, with the average RRR now at 6.6%, a central bank official said on Saturday, according to state broadcaster CCTV.

China said this week it will raise the budget deficit, issue more debt and loosen monetary policy to maintain a stable economic growth rate.

The People’s Bank of China has steadily reduced interest rates and injected liquidity this year as the authorities have made efforts to hit a official economic growth target of around 5%.

Interest rates should be strengthened to facilitate transmission and guide the comprehensive social financing costs to a steady decline, PBOC research bureau director Wang Xin said in remarks about specific considerations for China’s next phase of monetary policy implementation.

“As the PBOC’s exploration of buying and selling government bonds in the secondary market becomes more mature, the central bank should in the future use a variety of monetary policy tools to provide sufficient medium and long-term liquidity and maintain adequate liquidity in the banking system,” Wang said at an economic conference.

(This story has been refiled to say cut, not cuts, in the headline and to remove extraneous words in paragraph 1)

This post appeared first on investing.com

Previous Post

Emerging economies remain the key to global energy demand

Next Post

Italy must be key part of Stellantis’ plans, industry minister says

admin

admin

Next Post
Italy must be key part of Stellantis’ plans, industry minister says

Italy must be key part of Stellantis’ plans, industry minister says

Trending News

Long XEL: Xcel Energy Sees Strong Bullish Rebound from Key Support Levels

Long XEL: Xcel Energy Sees Strong Bullish Rebound from Key Support Levels

October 7, 2024
Abu Dhabi’s Mubadala overtakes Saudi Arabia’s PIF as world’s top wealth fund spender

Abu Dhabi’s Mubadala overtakes Saudi Arabia’s PIF as world’s top wealth fund spender

January 1, 2025
EU prepares €100B tariff retaliation if Trump imposes 30% duties

EU prepares €100B tariff retaliation if Trump imposes 30% duties

July 23, 2025
Subscribe to Insightful Word


    Recent News

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    August 7, 2025
    Affirm stock price is rising: is it a buy before earnings?

    Affirm stock price is rising: is it a buy before earnings?

    August 7, 2025
    Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    August 7, 2025
    Goldman Sachs boosts Nvidia price target to $200 ahead of Q2 earnings

    Goldman Sachs boosts Nvidia price target to $200 ahead of Q2 earnings

    August 7, 2025

    Recent News

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    August 7, 2025
    Affirm stock price is rising: is it a buy before earnings?

    Affirm stock price is rising: is it a buy before earnings?

    August 7, 2025

    Latest News

    • Dow futures soar 250 points today: 5 things to know before Wall Street opens
    • Affirm stock price is rising: is it a buy before earnings?
    • Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.