In a statement on Saturday China's central bank, the People’s Bank of China (PBOC), announced plans to enhance financial support for technology innovation and consumption stimulation to boost economic growth.
The bank also hinted at using new tools to provide liquidity to the stock market and reaffirmed its commitment to lower interest rates and the reserve requirement ratio for banks when appropriate.
On Friday we had other statements from the Bank along similar lines:
ForexLive Asia-Pacific FX news wrap: PBoC and NDRC with China-supportive commentsUSD/CNH update, the yuan remains under pressure from a super-strong USD, but there is a but:
yuan has hit its highest since mid-October 2022 (using its trade-weighted value) This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about weekend people s bank of china pledged more stimulus to boost consumption was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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