China’s dimming economic prospects suggest further monetary easing ‘increasingly likely’

Source: China – South China Morning PostListening to the chatter among China traders, the central bank is moving ever closer to another round of easing.Investors are boosting wagers on lower borrowing costs in both the rates and derivatives markets after a key factory gauge fell in July and virus cases spiked.A Politburo meeting last week seemed to confirm bets on easing, with leaders vowing to keep liquidity ample. Benchmark bond yields and an indicator of future rates are both at one-year lows.“Moderating activity and a likely…Read More

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