PBOC comments from its monetary policy committee quarterly meeting
- To maintain stable, reasonable liquidity
- Will effectively control macro leverage ratio
- Will continue with interest rate, exchange rate reform
- Will comprehensively use multiple monetary policy tools
- Will fend off systemic financial risks
- Will realise reasonable growth in credit, social financing
The PBOC reiterating its stance to keep liquidity stable and maintain current policies. Earlier in the day, the PBOC strengthened the yuan at the fix again - whilst also opting to skip OMOs for the 6th straight day.
However, they have lowered banks' RRR which will kick into place in January - so that will help with liquidity despite skipping OMOs.
