News Snapshot:
The People's Bank of China is unlikely to lower interest rates or the Reserve Requirement Ration ( RRR ), China ’s state media reported on Tuesday. Separately, citing analysts, the Securities Daily reported, “ China is expected to further increase its use of pro- growth policies, with fiscal and monetary policy becoming fully coordinated in the second half of 2022.” Meanwhile, China Daily carried a story, citing that the country’s “ electricity consumption , a key barometer of economic activity, has been rising in recent periods, indicating the continuous recovery of production and economic operations.” The recovery in the growth...
