China lifts market rates to tame financial risks

China lifts market rates to tame financial risks

On Thursday, China's major bank had money market rates lifted because the government sought to diminish financial risks without affecting the national economy, as activity was still broadly firm.

For the last months the world's number two economy has started cooling amid a government crackdown on high-risk lending as well as polluting factories, not to mention the move by the country’s major bank - coming hours after an expected Fed rate lift – indicated that the Chinese authorities will keep policy tighter in 2018.

A bunch of reports on the day highlighted the economic influence of government efforts to wean the Asian country off its years of a strong addiction to debt, with investment, industrial output and property market all supporting evidence of a moderation in momentum.

Market experts told that the PBOC rate lifts, widely considered to be a backdoor approach neutralizing the necessity to lift benchmark policy rates, won’t impede activity, although they pointed to the government’s commitment to keep curbing leverage.



This economic indicator is highly important for the Bank of England’s monetary policy because it is used as the central bank’s inflation target.


Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera