Flash Report /
China

China's central bank eases as Evergrande default nears

  • The People's Bank of China announced a cut in its RRR yesterday, a clear signal that it intends to support growth

  • The policy move comes as the grace period on interest payments on two Evergrande bonds expired without payment

  • While authorities may be showing concern over property slowdown, we are no closer to seeing how crisis will be resolved

China's central bank eases as Evergrande default nears
Stuart Culverhouse
Stuart Culverhouse

Head of Sovereign & Fixed Income Research

Tellimer Research
7 December 2021
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