ADVERTISEMENT
  • The Membership Club
  • #EndSARS Dashboard
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Friday, May 27, 2022
Premium Times Nigeria
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • COVID-19
    • News Reports
    • Special Reports and Investigations
    • Data and Infographics
    • Health Specials
    • Features and Interviews
    • Multimedia
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Data and Infographics
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • #PandoraPapers
  • AUN-PT Data Hub
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • COVID-19
    • News Reports
    • Special Reports and Investigations
    • Data and Infographics
    • Health Specials
    • Features and Interviews
    • Multimedia
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Data and Infographics
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • #PandoraPapers
  • AUN-PT Data Hub
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Chinese Yem used to illustrate the story. [PHOTO CREDIT: Quora]

Chinese Yem used to illustrate the story. [PHOTO CREDIT: Quora]

China’s central bank says no intent to tighten or relax monetary policy

byAgency Report
April 25, 2019
2 min read

China’s central bank has no intent to tighten or relax monetary policy, a vice governor said on Thursday.

This is coming as the market debates how much more support Beijing will give the economy after surprisingly resilient data was released last week.

The People’s Bank of China’s use of reverse repos or a medium-term lending facility (MLF) does not signal that it has a loosening bias, Vice-Governor, Liu Guoqiang told reporters at a briefing.

On the contrary, said Mr Guoqiang, if the central bank has not conducted reverse repos for a few days, it does not mean monetary policy is about to tighten.

Those tools are designed to adjust short-term liquidity, he added.

Financial market views over China’s policy outlook have shifted markedly since the release of better-than-expected first-quarter GDP and March economic data, which suggested the economy may be starting to steady after a flurry of earlier growth-boosting measures.

Following signs of improvement in the economy, policy insiders told Reuters that PBOC is likely to pause to assess conditions before making any further moves to cut bank reserve requirements.

Mr Guoqiang said the prudent monetary policy remains neither too tight nor too loose, and the PBOC does not want to see a liquidity crunch nor a market awash with cash.

Although the central bank’s easing bias remains unchanged, it sees less room this year for cutting reserve requirement ratios (RRRs) – the share of cash banks must hold as reserves – as fiscal stimulus plays a bigger role in spurring growth, according to government advisers involved in internal policy discussions.

Fears of less stimulus have triggered a reversal in the country’s rallying stock markets, which are highly sensitive to liquidity changes.

Mr Guoqiang said a recent top-level meeting which stated that monetary policy should be fine-tuned based on economic growth and price changes did not ask to alter the direction of the policy.

Sun Guofeng, head of the PBOC’s monetary policy division, told Thursday’s briefing the central bank would follow a pattern of conducting targeted medium-term lending facility (TMLF) operations in the fourth week of the first month of every quarter.

“Markets had a lot of discussion about the timing of TMLF operations. Such operations were based on the bank’s needs and incremental lending to small and private firms,” Mr Guofeng said, adding that it takes time to gauge demand and collect the data.

China’s central bank extended 267.4 billion yuan to some commercial banks on Wednesday via its TMLF as it looks to provide struggling smaller business with a steady stream of affordable financing.

(Reuters/NAN)

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

WATCH: Governor Yahaya Bello's Roadmap to Hope 2023

CITIZEN-FM AD


Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: Why women cheat: what every Nigerian man should know







PT Mag Campaign AD

Previous Post

Suicide bomb attacks: Officials arrest 16 more suspects in Sri Lanka

Next Post

Army urges Southeast residents not to panic over movement of troops

Agency Report

Agency Report

More News

Boris Johnson [PHOTO: TW @BorisJohnson]

Party Gate: Report blames senior leadership for Downing Street lockdown parties

May 25, 2022
Conflict environments need peacebuilding approach to business development

Thousands on death row across Africa but few are executed

May 25, 2022
Linda Anukwuem (on the right), during her interview with PREMIUM TIMES

Why I have mixed feelings on diaspora voting – Publisher

May 24, 2022
Paul Kagame

Rwanda asks Britain to extradite suspects of 1994 genocide

May 17, 2022
Cuban flag flying

U.S. eases travel restrictions on Cuba

May 17, 2022
A petrol pump nozzle

Sri Lanka out of petrol as economic crisis deepens

May 16, 2022
Next Post
Nigerian Military Court acquits Commander accused of failing to stop Boko Haram

Army urges Southeast residents not to panic over movement of troops

Gunmen used to illustrate the story.

Gunmen kill polio vaccinator in Pakistan – Official

Leave Comment

Search

AUN-PT Ad





Transport-Technology


Stanbic Ad


Access Bank Ad





Glo Ad


Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,850,013 other subscribers.

Advertisement






netherland biz school Advert



Zenith Advert

ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • #PandoraPapers
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • COVID-19
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Investigations
    • Investigations
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • #EndSARS Dashboard
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • AUN-PT Data Hub
  • Opinion
  • The Membership Club
  • Dubawa
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.