China's 'Proactive Easing' Measures Aim to Revive Faltering Economy.
TL;DR Summary
China's central bank, the People's Bank of China, has cut its seven-day reverse repurchase rate from 2% to 1.9%, the first cut in nine months, as the economy loses momentum and hard data starts to disappoint. Economists predict this is the start of much more easing to come, with Barclays predicting a cut for every quarter until early 2024. However, some economists argue that more significant fiscal stimulus may be necessary to contain the mounting deleveraging pressure within the economy.
- China opens a new era of 'proactive easing' as the economic recovery turns sour CNBC
- China's Recovery Is in Real Peril Now The Wall Street Journal
- China makes surprise rate cut as economic recovery loses steam CNN
- What to Watch in China's Economic Data Release With Rate-Cut Calls Mounting Bloomberg
- China Cuts Rates to Revive Economy. It Could Put a Floor Under Stocks. Barron's
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