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24 Jan 2024

PBoC's Pan: Will improve credit structure, step up support for private and small firms

People's Bank of China Governor Pan Gongsheng said on Wednesday that China's monetary policy is based on domestic conditions and added that they will improve the credit structure, while stepping up support for private and small firms, per Reuters.

Pan added that they will use various policy tools to keep liquidity reasonably ample and reiterated that they will steadily promote Yuan internationalization.

Market reaction

These comments don't seem to be having a significant impact on the risk mood. At the time of press, US stock index futures were up between 0.1% and 0.5%.

Jan 24, 2024

Forex Today: PMI data and BoC policy announcements to ramp up volatility

Here is what you need to know on Wednesday, January 24: Following Tuesday's choppy action, financial markets remain relatively quiet early Wednesday.
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Jan 24, 2024

BoC Preview: Forecasts from seven major banks, no incentive to drop threat of hikes

The Bank of Canada makes its first policy announcement of 2024 on Wednesday, January 24 at 14:45 and as we get closer to the release time, here are the expectations as forecast by the economists and researchers of seven major banks regarding the upcoming Interest Rate Decision.
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