# China's central bank unveils most aggressive stimulus since pandemic

> China's central bank, under Governor Pan Gongsheng, announced its most aggressive stimulus since the pandemic, including lower borrowing costs, more liquidity and easier mortgage repayments. Chinese stocks and bonds rallied and the yuan jumped to a 16-month high against the dollar.

- Date: 2024-09-24 · published 2024-09-24T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/28552-china-s-central-bank-unveils-most-aggressive-stimulus-since-pandemic
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Stronger Chinese growth expectations and a firmer yuan could lift demand for imported feed ingredients and commodities, though the scale of follow-through is uncertain.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2016-11-28 | [China’s central bank talks up the yuan against US dollar ‘uncertainties’ \| South China Morning Post](https://feedsoft.ai/events/74062-china-s-central-bank-talks-up-the-yuan-against-us-dollar-uncertainties-south.md) | -0.5% | +0.4% |
| USDCNY | 2023-06-29 | [Policy measures China's central bank could use to stem yuan weakness](https://feedsoft.ai/events/35711-policy-measures-china-s-central-bank-could-use-to-stem-yuan-weakness.md) | +0.1% | -1.0% |
| USDCNY | 2018-03-27 | [China’s Central Bank Sends Yuan Surging](https://feedsoft.ai/events/66212-china-s-central-bank-sends-yuan-surging.md) | +0.2% | +0.8% |
| USDCNY | 2025-09-06 | [China’s yuan rallies with central bank backing as worries mount over US dollar \| South China Morning Post](https://feedsoft.ai/events/23115-china-s-yuan-rallies-with-central-bank-backing-as-worries-mount-over-us-dollar.md) | -0.1% | -0.2% |
| USDCNY | 2025-01-10 | [China's central bank halts bond buying as yuan struggles](https://feedsoft.ai/events/26717-china-s-central-bank-halts-bond-buying-as-yuan-struggles.md) | -0.0% | -0.5% |

## Sources

- reuters.com: https://www.reuters.com/world/china/china-unveils-broad-stimulus-measures-revive-economy-2024-09-24/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.