Natixis' Garcia Herrero on APAC Economies

The video discusses the ongoing impact of the delta variant on global economies, highlighting the risks of policy missteps, especially in emerging markets. It examines the People's Bank of China's (PBOC) approach to monetary policy, focusing on liquidity injections to support the real estate sector. The discussion also covers the transmission effects of monetary policy, emphasizing the need for stabilization in property sales and credit growth. The potential adjustments in monetary policy tools like MLF and LPR are considered, with a focus on macroprudential measures over rate cuts.

What are the expected actions of the PBOC regarding monetary policy adjustments?

What measures are suggested to stabilize property sales in China?