Speaking during a Monday meeting of the State Council, China’s cabinet, the country’s Premier Li Keqiang said that Beijing has announced “more forceful” economic policies this year than it did in 2020

Key quotes

The size of the stimulus in 2022 has been “reasonable” and “appropriate.”

This year, in response to new challenges, we decisively launched a package of policies and follow-up policies to stabilize the economy, with the strength exceeding 2020."

Market reaction

AUD/USD remains pressured below 0.6900, despite the above comments. The pair was last seen trading at 0.6890, down 0.17% on the day.