China's central bank unveils broad easing measures to revive economy

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BEIJING: China's central bank announced broad monetary stimulus and property market support measures to revive an economy grappling with strong deflationary pressures and in danger of missing this year's growth target.

Pan said further monetary policy easing, including another RRR cut, was on the cards later this year.

August economic data broadly missed expectations, adding urgency for policymakers to roll out more support.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: Property Economy Economy Deflationary PBOC /Business/Business News Banking Monetary policy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-24 @ 11:18:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 406 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © The Star

News ID: 22685934

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Main Topics: EconomyBusiness

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