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PBOC’s Huang – less room for interest rate cuts this year

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    People’s Bank of China’s (PBOC) Huang was on the wires stating there is less room for interest rate cuts this year as CPI is close to bank’s target.

    Key quotes

    Yuan depreciation pressure curbs PBOC room for loosening

    Yuan depreciation pressure shows forex system inflexible

    Room for RRR cut smaller than previous 2 years
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