China's Impromptu Press Briefing Call Fuels Stimulus Hopes...

Costfoto / NurPhoto via Getty Images An aerial photo shows a newly built commercial housing complex in Nanjing, China, , on September 16, 2024.

KEY TAKEAWAYSChina announced plans for an ad-hoc press briefing tomorrow on the economy by its financial regulators, including its top central banker.The impromptu press conference is fueling investor hopes that Beijing is planning to issue large stimulus measures to boost the hard-hit economy. Bloomberg reported that some economists are expecting the regulators to cut policy rates or the amount banks need to set aside as reserves, and also measures to support the country's troubled housing market.
China announced plans for an ad-hoc press briefing tomorrow on the economy by its financial regulators, including its top central banker—fueling investor hopes that Beijing is planning to issue large stimulus measures to boost the hard-hit economy.Bloomberg reported that some economists are expecting the regulators to cut policy rates or the amount banks need to set aside as reserves, and also measures to support the country's troubled housing market.PBOC Lowers 14-Day Reverse Repo RateThe People's Bank of China also lowered its 14-day reverse repurchase rate Monday.The report said that economists are increasingly questioning whether Beijing can meet its target for China to grow by 5% this year. China's housing sector has been in the doldrums for years, hurting consumer appetite for spending and weighing on the economy. Read the original article on Investopedia.

Welcome to Billionaire Club Co LLC, your gateway to a brand-new social media experience! Sign up today and dive into over 10,000 fresh daily articles and videos curated just for your enjoyment. Enjoy the ad free experience, unlimited content interactions, and get that coveted blue check verification—all for just $1 a month!

Source link

What's your thought on the article, write a comment

0 Comments

Sign In to perform this Activity

Account Frozen

Ads