Unresolved
China's PBOC will cut a key policy rate by 10 basis points before the end of September 2026.
Q2 growth of 4.3% missed Beijing's 4.5-5% target, and the Politburo's latest "moderately loose monetary policy" language, though light on explicit easing now, sets up an autumn cut once weak Q3 data confirms the need for support ahead of October's Central Committee Fifth Plenum.
Q2 growth of 4.3% missed Beijing's 4.5-5% target, and the Politburo's latest "moderately loose monetary policy" language, though light on explicit easing now, sets up an autumn cut once weak Q3 data confirms the need for support ahead of October's Central Committee Fifth Plenum.