Tag #Global Financial Crisis

How does China's current monetary easing strategy compare to its response to the 2008 global financial crisis?

China's "moderately loose" monetary policy shift follows a period of weak economic performance, marked by deflationary pressures and tepid consumer demand. This contrasts with the historically large 4 trillion yuan ($586 billion) stimulus package implemented in 2008 in response to the global financial crisis. The current approach, while easing monetary policy, is expected to be more measured, with experts anticipating over 50 basis points in policy rate cuts over the next two years.