Pan Gongsheng: A moderately accommodative MMF policy will be implemented to promote the high-quality development of China’s economy.
The President of the People's Bank of China, Pan Gongsheng, emphasized that economic fragmentation and ongoing trade tensions continue to disrupt the Industry Chain and supply chains. Major economies should strengthen their participation in the coordination of international macroeconomic and financial policies to maintain Global economic and financial stability.
Hong Kong Inflation Cools in March
Hong Kong Consumer Inflation Slows to 1.4% in March
Tariff Tension Likely to Drag Global Economic Growth in Next Two Years -- Market Talk
The central bank's press conference today highlighted key points: improving the efficiency of KUAJINGZIJIN flow and reducing the costs of cross-border trade. Here's the interpretation!
① Multiple departments recently jointly issued the "Action Plan for Further Enhancing the Convenience of Cross-Border Financial Services in Shanghai International Financial Center"; ② The central bank held a press conference today, and relevant officials stated that they will continue to optimize the policy toolbox for cross-border financial services, effectively supporting enterprises in going global; ③ Several market participants told reporters that the plan emphasizes the cross-border use of the RMB, providing policy guidance for international trade and investment financing.
Meridians: The latest MMI report is 3.51%, indicating that the Federal Reserve may cut interest rates as early as mid-year or later.
The latest data from the Mortgage Referral Research Department indicates that in March, the Mortgage Interest Rate Index (MMI), which reflects the actual interest levels generally available to new mortgage customers, is reported at 3.51%, a month-on-month decrease of 3 basis points.
