- 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.
This article was written by Justin Low at www.forexlive.com.