29 September 2026 | 10:49PM HKT Economics Research China: Targeted easing follows State Council call, growth impulse may be modest Bottom line: Policymakers announced a combination of targeted fiscal and monetary easing measures on September 29th, following Premier Li's call for stronger counter-cyclical measures to help achieve the full-year growth target. Major measures include a 25bp cut in the PSL rate and an expansion of PSL support to the "Six Networks" projects, higher quotas for various relending pr ...