News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
StanChart: PBOC's Relending Rate Cut Slightly Stronger Than Expected, But Not Necessarily Hint at Narrower Broad Easing Space in Future
The People's Bank of China (PBOC) has cut the relending and rediscount rates by 0.25 ppts, a move slightly stronger than expected, given that relending rates are usually not ad...
Reset
Send
The window will close in 5 seconds
StanChart: PBOC's Relending Rate Cut Slightly Stronger Than Expected, But Not Necessarily Hint at Narrower Broad Easing Space in Future
Close
Recommend
26
Positive
34
Negative
14
 
SHORT SELL
 
STOCK INFO

The People's Bank of China (PBOC) has cut the relending and rediscount rates by 0.25 ppts, a move slightly stronger than expected, given that relending rates are usually not adjusted independently without changes in policy rates like open market operations (OMO) or medium-term lending facility (MLF) rates, not to mention the adjustment magnitude, said Becky Liu, Standard Chartered's Head of Greater China Strategy and Head of Rates, GCNA, ASEAN, and South Asia.

Liu also stressed that this targeted easing policy by the PBOC didn't imply a reduction in the potential space for broad-based easing, such as RRR cuts or reductions in OMO and MLF rates. The purpose of this move was to stimulate credit growth without further eroding the banking sector's NIMs and to lower the overall debt cost for banks.

Related NewsSoochow Securities Lists Top 10 Net Buys, Net Sells of HK Stocks by Southbound Fund Last Week (Table)

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.