Over the last few years, we have already seen a rise in the number and variety of financial instruments that are being traded on China’s domestic markets, be they bonds, at various maturities and with different ratings, derivative products or different currencies.
Incoming information since our last monetary policy meeting in early June signals a resumption of euro area economic activity, although the level of activity remains well below the levels prevailing before the coronavirus (COVID-19) pandemic and the outlook remains highly uncertain.