Central bank guessing games around the globe
PBOC chief economists Ma Jun sees stable GDP in next few quarters, according to his comments via the China News Service.
He sees gradually emerging support from stimulus measures and stabilized property market, falling LDFV financing costs and a recovery in external demand. His team estimated that support policies have the most effect 6-9 months after implementation.
The PBOC has been cutting rates throughout the last year in roughly 3-month intervals. That brings a cut back into play in mid-November.
Separately, an analyst at Wells Fargo is on the wires saying China will introduce more stimulus.
