KONTAN.CO.ID - SHANGHAI. China's central bank will take further steps to support the virus-hit economy, including releasing more liquidity and lowering funding costs for companies, a vice governor of the bank told state media. The People's Bank of China (PBOC) will guide market interest rates lower, Liu Guoqiang, the bank official, told the Financial News in an interview. "China's monetary policy space is still very sufficient, and the toolbox is also sufficient. We are confident and able to offset the impact of the epidemic," Liu told the newspaper.
China's central bank vows to take more steps to support virus-hit economy
KONTAN.CO.ID - SHANGHAI. China's central bank will take further steps to support the virus-hit economy, including releasing more liquidity and lowering funding costs for companies, a vice governor of the bank told state media. The People's Bank of China (PBOC) will guide market interest rates lower, Liu Guoqiang, the bank official, told the Financial News in an interview. "China's monetary policy space is still very sufficient, and the toolbox is also sufficient. We are confident and able to offset the impact of the epidemic," Liu told the newspaper.