Zou Lan, Director of the People's Bank of China's Monetary Policy Department: On the basis of reducing the deposit reserve ratio by 0.5 percentage points, it will further reduce it based on the market liquidity conditions within the year.
The Political Bureau of the CPC Central Committee held a meeting on September 26 to analyze and study the current economic situation and deploy the next steps for economic work.
The Renminbi exchange rate has performed strongly, and the "currency exchange + time deposit" products are favored.
Industry insiders believe that the exchange rates of the Renminbi are expected to continue to maintain a strong trend, and Renminbi investment products that are safe and offer high returns will attract more attention.
Today, as scheduled, the MLF interest rate decreased. The central bank publicly announced the MLF bid price for the first time. Industry insiders: MLF reduction continues to cooperate with reserve requirement reduction.
① Carrying out 300 billion yuan MLF operations, with a winning bid rate of 2.00%, down by 0.3 percentage points from the previous month, marking the first market-oriented interest rate decrease after yesterday's State Council Information Office press conference; ② After announcing the reserve requirement ratio cut, the necessity for the central bank to continue the same amount of MLF operations has decreased. The industry expects that LPR and deposit interest rates will also decrease accordingly.
Schroders Investment: The scope of driving factors in the financial market is expected to expand, creating opportunities for active investors.
Schroders portfolio manager Simon Webber pointed out that in August 2024, financial market adjustments led to a downward revision of stock valuations, reflecting uncertainty in the US economic outlook, but due to good corporate profit growth, the prospect of looser monetary policy support led stocks to quickly regain lost ground.
Is the strong US dollar cycle over? After the Fed cut interest rates, Goldman Sachs switched from bullish to bearish, bullish on the British pound and other major currencies.
After the Federal Reserve last week initiated a "aggressive move" of 50 basis points to start a loosening cycle, Goldman Sachs lowered its expectations for the US dollar against multiple currencies.
China Central Bank Unexpectedly Keeps Loan Prime Rates Steady
