Johnni
08-09-2011, 13:44
Quotes from Standard Chartered:
-Policy is heavily dependent upon the data, but we think there is a good chance that China will move quietly to loosen by end-September.
-The People's Bank has already injected liquidity into the inter-bank market to bring 7-day repo back down to just above 3%, from its peak of over 9% in late June.
-This policy loosening is likely to take the form of a less restrictive loan quota and increased budgetary spending on infrastructure and social housing. Both will probably take place quietly.
Source: InstaForex.com (http://instaforex.com/index.php?x=BODO)
-Policy is heavily dependent upon the data, but we think there is a good chance that China will move quietly to loosen by end-September.
-The People's Bank has already injected liquidity into the inter-bank market to bring 7-day repo back down to just above 3%, from its peak of over 9% in late June.
-This policy loosening is likely to take the form of a less restrictive loan quota and increased budgetary spending on infrastructure and social housing. Both will probably take place quietly.
Source: InstaForex.com (http://instaforex.com/index.php?x=BODO)