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Goldman Sachs are not expecting major Chinese policy stimulus to spur economy
The People's Bank of China left rates unchanged today:PBOC Loan Prime Rates (LPR) remain unchanged at today's rate setting, as expectedUnchanged now for the 9th month in a row. Recap of what's happening with China's economy:weakening yuanwidening yield differentials with the USrecent data shows a faltering economy after the initial post-COVID bouncecapital outflow risks could exacerbate a fall in the yuanGS says:"Despite the April weakness, we do not expect policymakers to unleash major stimulus...
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Posted: May 22 2023, 02:21
Author Name: forexlive
Views: 081585