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PBOC Zhou: Will gradually develop an interest rate corridor

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    PBOC Governor Zhou continues to cross the wires, noting that the Central Bank will gradually develop an interest rate corridor.

    Headlines

    Says no worries about external payments despite falls in FX reserves

    Capital outflows could become reasonable if confidence improves on china economic growth, structural reforms

    Interest rates will play a bigger role in monetary policy

    Will gradually develop an interest rate corridor

    Monetary policy will mainly focus on China's economic conditions, rather than external factors

    Says he opposes competitive currency devaluations to
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