Press "Enter" to skip to content

China gets more room for monetary easing after Fed’s dovish statement, rate cut still unlikely

The US central bank stood pat on interest rates, as widely expected, and signaled it will not raise them in 2019, creating greater room for China to use monetary easing policy to spur the economy that's growing at the slowest pace in three decades.

It firmed analysts' belief that the People's Bank of China will cut banks' reserve requirement ratio further but the chance for interest rate cut remains slim.

After the Federal Reserve's dovish statement, China's 10-year government bond yield fell 2 basis points to 3.13 per cent on Thursday and the yield . . .

To continue reading, please subscribe.

FREE TRIAL

We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. 

What you'll get:

  • Systematic, timely and data-driven reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
  • Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related stories.
  • Weekly Market Wrap-up on A shares, Chinese bonds, the Yuan and commodities!
  • Interviews with China experts. We find you insights you should never miss!
  • Conference calls and events. Nothing is better than talking to newsmakers, experts and reporters directly, right?

 

Already have an account? Sign In

Top