China plans to boost the economy with the help of large-scale measures proposed by the Central Bank. The main focus is on supporting the crisis real estate sector: $5.3 trillion in mortgage subsidies will be provided and conditions for the purchase of a second home will be relaxed. Also, $113 billion of liquidity will be sent to the stock market, and reducing reserve requirements to 0.5% will allow banks to increase lending and stimulate economic growth. A state of emergency has been introduced in Israel – yesterday the country launched a full-scale operation against Hezbollah in Lebanon. The death toll from Israeli strikes has risen to 492 people. According to the Lebanese Ministry of Health, 1,645 people were injured. Donald Trump once again used the topic of Ukraine to improve his ratings. In Pennsylvania, he said that the President of Ukraine, Vladimir Zelensky, supports the Democrats for the sake of continuing multibillion-dollar aid. Republicans, according to Trump, are in favor of peace talks and a diplomatic settlement of the conflict. The US Federal Reserve is likely to continue to cut interest rates, easing pressure on the global economy. Several Fed officials noted that, despite the latest rate cut, it remains well above the neutral level of 2.9%. This means that in order to stimulate economic growth over the next 12 months, the regulator will gradually continue to reduce rates.
