The Popular Bank Committee of China suggested intensifying the adjustment and control of monetary policy, and improving monetary policy to be more forecast, specific and effective, according to the statement.
The Central Bank of China will cut the coefficient of mandatory reserves and interest rates at the right time and will reinforce the resistance of your currency marketaccording to a statement from the quarterly meeting of the agency’s monetary policy committee.
The Popular Bank Committee of China suggested intensifying the adjustment and control of monetary policyand improve monetary policy to be More providing, specific and effectiveaccording to the statement.
In turn, the BPC announced Thursday that will maintain its reference interest rate at 3.1% For sixth consecutive month, thus fulfilling the expectations of the analysts, who did not expect any change.
In the monthly update that discloses on its website, the institution indicated that the referential rate for credits (LPR) one year will remain at the aforementioned level up to at least one month.
This indicator, established as a reference for interest rates in 2019, serves to set the price of new credits -Generally, for companies- and those of variable interest that are pending return.
Despite an “increasingly complex” international environment after the return of Donald Trump to the White House, Chinese authorities set this month again an economic growth target of approximately 5% by 2025goal for which measures such as an extension of the deficit or a “more proactive” fiscal policy that allow “to offer sustained and more effective support”.
China emits green bonds in yuan for London
The bonds, with a value of up to 6,000 million yuan (829.75 million US dollars), They will finance environmentally sustainable projects.
This measure responds to the commitments assumed during the economic and financial dialogue between the United Kingdom and China in January. ANDThe dialogue included agreements to promote sovereign green financing frameworks.
Experts believe that the issuance could attract international investors to Chinese financial markets and Strengthen Yuan’s global role. In addition, it aligns with China’s sustainability objectives and satisfies the growing European demand for green financial products.
Source: Ambito
