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Room for monetary policy is relatively small – PBOC’s Lu

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet - Lu Lei, PBOC's Research Bureau Head crossed the wires earlier on the day, noting that deflation pressure as well as yuan exchange rate volatility is expected to rise this year.

    Key Quotes:

    Monetary easing to add capital outflow pressure

    Room for monetary policy is relatively small

    Rate/RRR cut to fuel financial risk accumulation

    Easing monetary condition to boost leverage ratio

    Sees increasing risks with corporate debt

    Deflation pressure to rise in 2016

    Sees 2016 gdp at around 6.5%, forecasts CPI around 1.3%

    2016 M2/Total social financing growth between 11-13%

    Yuan exchange rate volatility to rise in 2016
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