China’s monetary policy: “Targetted easing” is to continue
HONG KONG - On the heels of recently released disappointing July credit data, China’s State Council has announced a set of guidelines seeking to reduce high funding costs in the corporate sector and to spur credit growth in support of economic growth. The announcement gives a preview of monetary policy stance in the second half of the year, which seems to stick to “targeted easing” as in the first half, says BBVA Bank.