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CICC Interprets Financial Policy Adjustment: Swap Facilitation May Lead to Central Bank Expansion
China Financial Solution Read Finance Policy Adjustment Swaps Convenience May Lead To the Central Bank
On September 25th, CICC commented on the policy announced at the press conference held by the State Council Information Office on September 24th. The comprehensive interest rate cut will reduce the interest payment burden on the real economy by about 690 billion yuan (annualized), and the annual interest payment burden may be reduced by 1.30 trillion yuan (annualized, about 1% of GDP). The rate cut not only meets the needs of current credit expansion and existing fiscal strength, but may be used...
2024-09-25 07:49:44
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