PBOC deputy governor says monetary policy is supportive, relatively loose

  • Remarks by PBOC deputy governor, Zou Lan
China
  • Central bank is focused on more price-based policy tools
  • China has sufficient room for monetary policy
  • Will cut interest rates, RRR at appropriate time
  • Will use various policy tools to keep liquidity ample

This continues the rhetoric from just before the National People's Congress earlier this month. The Chinese central bank continues to allude to more rate cuts but aren't seen reaching for that option just yet. That at least since Trump tariffs against China has been toned down a fair bit.

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