Loading…
Yi Gang said China's prudent monetary policy has room to lower interest rates and add liquidity if needed. M2 grew 8% year on year at the end of February, and February new loans fell sharply from January's record.
Possible easing supports Chinese economic growth and feed demand, though it could also weigh on the yuan.
english.www.gov.cnMar 11, 2019After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
