THE ANCHOR OF THE MONEY SHIP HAS BROKE OFF THE CHAIN 🌞
As it became known today, the ruling party of China decided to resort to drastic steps to stimulate the stagnating economy.
The authorities decided to take the following measures to ensure the target economic growth rate (+5%) this year and stabilize the real estate market:
- inject almost $140 billion of capital into the economy through state-owned banks of China
- reduce the mandatory reserve ratio (RRR - reserve requirement ratio) for commercial banks by 50 b.p.
In addition, as reported by Reuters, on September 24, 2024, the central bank of China (PBOC) reduced the percentage of medium-term loans (MLF - medium term lending facility) for some financial institutions to 2-2.3%. The volume of these loans is almost $ 43 billion.
China is using such measures for the first time since the pre-crisis of 2007.
And on top of that, most countries in the world are easing their monetary policy.
❗❗❗THERE WILL BE A LOT OF MONEY 💵 💶 💴 💷 💎 $$$
The takeoff of the 🚀🚀🚀 crypto market is only a matter of time.
🔊 So gentlemen Cryptomaniacs, I suggest you get ready....