This via a couple of uncertain sources. Monday’s Politburo meeting highlights:
- Measure to continue expanding domestic demand – in the face of threats over trade, renewed focus on boosting consumption: tax cuts, lower bank reserve ratios. Renewal of tax exemptions for purchases of home appliances and automobiles look to be in the pipeline also.
- Further derestricting FX, stock, debt, credit and property markets: measures for boosting property activity should be an engine of growth.
Looks like we’re moving to panic stations already. Interbank markets have eased:
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