PBOC Leaves Loan Prime Rates Unchanged in November
India Finance Minister Says Bank Rates Should Be More Affordable
India's Total Exports Rise 19% in October; Trade Deficit Narrows to $10.12 Billion
The central bank today conducted a 981 billion yuan reverse repurchase operation for 7 days, with short-term fluctuations in liquidity being controllable, and the market expects a possible reserve requirement ratio cut in November.
①Today, 12.2 billion yuan reverse repos will mature, in addition to 1450 billion yuan MLF and 80 billion yuan of treasury cash deposits maturing. The central bank conducted a 981 billion yuan 7-day reverse repo operation. Industry insiders believe that under the new framework of the central bank, there may be a reserve requirement ratio cut once this year, possibly as early as November.
The governor of the Reserve Bank of india warns that the risk of global inflation returning is increasingly significant.
The Reserve Bank of india governor Shaktikanta Das stated that central banks have successfully achieved a soft landing during a period of "continuous and unprecedented shocks", but the risks of returning global inflation and slowing economic growth still exist.
India Trade Deficit Narrows as Exports Jump