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Goldman Sachs are not expecting major Chinese policy stimulus to spur economy

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... Read More
Posted: May 22 2023, 02:21
Author Name: forexlive
Views: 081585

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