- Will steadily lower financing costs for firms
- To also lower credit costs for residents
It’s all semantics as China continues to pledge support for the economy. But that hasn’t quite shown up as the economy has lost momentum in Q2 with weak domestic demand still weighing overall. And with that, markets are also still holding some caution about the global growth outlook going into next year as such.
This article was written by Justin Low at www.forexlive.com. Source