- China’s NDRC: To roll out effective measures to keep economic operations within reasonable range
Market news
China’s NDRC: To roll out effective measures to keep economic operations within reasonable range
China will “roll out effective measures in a timely way to keep economic operations within a reasonable range,” the country’s National Development and Reform Commission (NDRC) said on Tuesday.
Additional takeaways
Calls for implementation of supportive policies in catering and retail sectors.
To expand consumption in key sectors and continue to support new consumption.
Will closely monitor the price trend of commodities.
Downward trend in producer inflation will not change despite increasing uncertainties.
Will strictly curb hoarding and disseminating false information in commodities market.
Will step up supporting market entities affected by covid outbreaks.
Will enhance policy tools to boost market confidence.
Market reaction
AUD/USD is back to test the monthly lows below 0.7350, little impressed by the RBA minutes amid a broadly stronger US dollar.
The spot is almost unchanged on the day, currently trading at 0.7348.
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer