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As China’s central bank projects confidence, are rate cuts on the back burner? (www.scmp.com)

submitted 3 months ago by rss@news.abolish.capital to c/china@news.abolish.capital

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China’s central bank vowed to maintain an accommodative monetary policy stance and improve policy transmission to support the “steady” economy in its latest quarterly report, which analysts said signalled a reduced urgency for rate cuts. The People’s Bank of China will implement a “moderately loose” monetary policy and ensure “reasonable and ample” liquidity to serve the real economy, according to the report released on Tuesday. Despite facing domestic and external challenges, the Chinese...

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