China | China’s rekindled market selloff prompted strong monetary easings
Published on Tuesday, August 25, 2015 | Updated on Sunday, May 13, 2018
China | China’s rekindled market selloff prompted strong monetary easings
Summary
The People’s Bank of China (PBoC) cut its policy rates by 25 bps and the Required Reserve Ratio (RRR) by 50 bps, in response to the rekindled selloff in China’s stock market which has trimmed the Shanghai Composite Index by 544 points on Monday and Tuesday. Amplified by the unexpected RMB devaluation, the market turbulence sparked selloffs around global financial markets.
Topics
- Topic Tags
- Regional Analysis China
- Macroeconomic Analysis
Authors
Jinyue Dong
BBVA Research - Principal Economist
Le Xia
BBVA Research - Chief Economist