China's PBoC Deputy Governor announces plans to release a series of monetary and financial measures
Newsquawk Staff ·
China's PBoC Deputy Governor announces plans to release a series of monetary and financial measures.
What it means
The announcement from the PBoC's Deputy Governor signals a proactive approach to monetary policy, likely aimed at addressing economic concerns in China. This could indicate a shift towards a more accommodative stance, which might weigh on the CNY but could potentially support fixed income markets as investors anticipate lower rates or increased liquidity measures.
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