PBOC lowers interest rates, reserve requirements, and enhances credit support for the real economy.

The People's Bank of China (PBOC) is implementing expansive economic policies to boost the economy and capital markets. Key measures include lowering interest rates, reducing reserve requirements, and enhancing credit support for the real economy. PBOC Governor Pan Gongsheng indicated potential further cuts in reserve ratios and interest rates. The bank aims to balance investment and consumption, while ensuring compliance in stock market financing.

October 18, 2024
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