Peoples Bank of China over the wires
- PBOC will maintain prudent policy
- will keep mon pol flexible. Neither too tight nor too loose
- will use mon pol tools to maintain appropriate liquidity
- yuan remains within reasonable range
- PBOC will lower social financing cost, will realise reasonable growth in social financing , money supply and credit
China still rightly and understandably on the cautious side as they face the challenges of loosening up the economy whilst also managing the downward trend.
Yesterday I reported profits from industrial-based companies for Nov at -1.4% vs -4.6% which although an improvement still looks soggy
I'm out of here now. Big football game for the mighty Shrimpers beckons! Will pop by again tomorrow. Have a good day one and all.
PBOC- Rightly remaining cautious
