China's Central Bank to Cut Interest Rates and Reserve Requirements at an Opportune Time

Forex - The People's Bank of China announced that it will strengthen its monetary policy adjustments and will lower banks' reserve requirement ratios and interest rates "at an appropriate time."

In the statement released after the Monetary Policy Committee meeting on December 27, the PBOC emphasized that enhancing the intensity of monetary policy adjustments was recommended.

The bank stated that it would strengthen the implementation of policies to support a stable decrease in corporate financing and household lending costs.

The PBOC also mentioned that it would enrich and develop monetary policy tools, commit to monitoring changes in long-term yields of treasury bonds, and conduct buying and selling of treasury bonds. Additionally, it highlighted its commitment to supporting stability and recovery in the real estate market.