Texture from Reuters:
China will “continue to implement a prudent monetary policy and increase the strength of counter-cyclical measures”, the central bank said in a statement on Sunday. expect more policy easing/stimulus measures, including medium-term lending facility rate and reserve requirement ratio cuts through the rest of this year to stabilise market sentiment and bolster growth,” Nomura analysts said in a note.
“We believe that, faced with increasing difficulties, Beijing towards end-2019 may be compelled to increase credit growth and ease its tightening measures on property markets again,” it said.
