China's policymakers have implemented comprehensive stimulus measures to revitalize demand and prevent the world's second-largest economy from falling into deflation. The People’s Bank of China has lowered interest rates, relaxed restrictions on second-home purchases, and provided cash handouts and subsidies. These actions aim to stabilize the property market and boost economic activity.
-- China ’s policymakers uncorked sweeping stimulus measures aimed at bolstering demand and keeping the world’s second-largest economy from slipping into a deflationary spiral.The People’s Bank of China slashed interest rates on one-year loans and eased rules on purchases of second homes. The government also issued cash handouts and floated new subsidies for some jobless graduates, while the Politburo vowed to boost fiscal spending to arrest a decline in property prices.
Indian gold demand looks set for a strong few months as a cut to the import tax and what’s likely to be a buoyant festival and wedding season drive purchases in the world’s second-biggest consumer of the precious metal.The Federal Reserve’s preferred measure of underlying US inflation and household spending rose modestly in August, underscoring a cooling economy. On a three-month annualized basis, the core personal consumption expenditures price index rose 2.
Zambia’s economy will probably grow at its fastest pace in 13 years in 2025 as it bounces back from the worst drought in more than a century.Australia kept interest rates unchanged, while Sweden’s Riksbank cut borrowing costs and raised the possibility of a bigger step in coming months. Hungary, Switzerland, the Czech Republic and Guatemala lowered rates, while Morocco held steady. Nigeria surprised with a half-point hike to quell inflation, support its currency and attract investments.
--With assistance from Maya Averbuch, Bastian Benrath-Wright, Matthew Boesler, Jackie Cai, John Gittelsohn, Philip Glamann, Sybilla Gross, Jon Herskovitz, Matthew Hill, William Horobin, John Liu, Zheng Li, Daniel Ten Kate, Henry Meyer, Taonga Mitimingi, Atul Prakash, Alex Tanzi, Alex Vasquez, Fran Wang, Alexander Weber, Natalie Wong and Heng Xie.
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