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.
Thai Export Growth May Slow in 2025 -- Market Talk
The Thai Baht rose to a 30-month high, adding insult to injury for Thai exporters.
The Thai baht rose to its highest level in 30 months, exacerbating the plight of Thai exporters.
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.
Thailand To Reassess Inflation Target Amid Interest Rate Cut Push