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CHINA: PBOC to Maintain Accommodation, Increase Countercyclical Adjustments

CHINA
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

China are to maintain an accommodative monetary policy stance, and are to increase their countercyclical monetary adjustments, according to Xinhua. 

These China headlines come amid the Nov 4 - Nov 8 NPC Standing Committee meeting, at which markets expect more detail on stimulus efforts, both shape and size. A fresh fiscal package worth over CNY 10trl is expected - financed via special treasury and local government bonds, but reports suggest the package could be larger in the event of a Trump victory.

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China are to maintain an accommodative monetary policy stance, and are to increase their countercyclical monetary adjustments, according to Xinhua. 

These China headlines come amid the Nov 4 - Nov 8 NPC Standing Committee meeting, at which markets expect more detail on stimulus efforts, both shape and size. A fresh fiscal package worth over CNY 10trl is expected - financed via special treasury and local government bonds, but reports suggest the package could be larger in the event of a Trump victory.

Keep reading...Show less