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20th Nov 2023 09:24China+Daily Monitor

  • China’s benchmark lending rates were unchanged in November, in line with the MLF rate last week.
  • Policymakers are seemingly using fiscal stimulus to stabilise growth, thus allowing confidence to rebuild.
  • Monetary policy will probably continue to play an accommodative role—behind fiscal policy—in 2024.

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Keywords for: 21 November 2023 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence