Skip to main content

Policy Rates (Jun.)

The PBOC has lowered its policy rates for the first time since last summer, reflecting growing concerns among policymakers about the health of China’s recovery. Friday’s State Council meeting signalled that further support measures are on their way. But we think that a sharp acceleration in credit growth is still unlikely and that the recovery will continue to mostly depend on the service sector.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access