23.10.2015 - People's Bank of China eased its monetary policy
Chinese stock markets reacted positively to the drop in interest rates PBOC 0.25%. Thus, the interest rate on credits was 4.35% and 1.5% for deposits. Reserve requirements for banks were lowered by 0.5%. Easing of monetary policy in China is aimed at supporting economic growth, which slowed to their lowest levels since 2009 and is 6.9%. Given the expected stimulus measures in the euro area and Japan, as well as stimulus measures in China, we expect the growth of China's stock market in the near future.