30 Mar 2015
PBoC Gov Zhou warns over risks of deflation – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team comments on the key developments in the Chinese market over the weekend – PboC Gov Zhou’s comments on deflation, and PBoC Researcher Chen’s warning for a soft Q1 GDP.
Key Quotes
“Over the weekend, PBoC Gov Zhou expressed some added concern over the risk of deflation, potentially paving the way to another easing move as soon as next month.”
“Zhou also noted China may update laws on currency controls and that there is still room for more rate cuts.”
“Separately, PBoC researcher Chen warned Q1 GDP could fall below 7%.”
“President Xi also spoke, downplaying the threat of economic slowdown and reiterating the new normal in China justifies emphasis on quality of growth over the size of expansion.”
Key Quotes
“Over the weekend, PBoC Gov Zhou expressed some added concern over the risk of deflation, potentially paving the way to another easing move as soon as next month.”
“Zhou also noted China may update laws on currency controls and that there is still room for more rate cuts.”
“Separately, PBoC researcher Chen warned Q1 GDP could fall below 7%.”
“President Xi also spoke, downplaying the threat of economic slowdown and reiterating the new normal in China justifies emphasis on quality of growth over the size of expansion.”