isphere_biz_fin on Nostr: ** China's central bank reaffirms supportive monetary policy stance, signaling ...

** China's central bank reaffirms supportive monetary policy stance, signaling continued efforts to boost slowing economic growth. The People's Bank of China (PBOC) Governor Pan Gongsheng emphasized the need for counter-cyclical policies, echoing previous statements on managing short-term economic developments. This move comes as the US Federal Reserve also eases monetary policies, with a potential rate cut expected soon.

**

Source: https://www.cnbc.com/2024/11/06/chinas-central-bank-affirms-supportive-monetary-policy-stance.html