Governor of China's central bank responds to further monetary easing but is cautious about easing hasty September 24 16:30
The Chinese central bank president suggested he was ready to respond to further monetary easing in preparation for a slowdown in China, but he was cautious about the haste mitigation.
The Chinese central bank and the People's Bank of China have cut the interest rate index, which is a guideline when banks lend to companies, etc. Measures have been launched one after another to support this.
In this regard, the President of the People's Bank of China, Mr. Yukizuna, said at the press conference held in Beijing on the 24th, “Neither fiscal policy nor monetary policy has enough capacity to cope with the downward pressure on the economy.” He suggested that he was prepared to respond with further monetary easing in preparation for further economic slowdown.
On the other hand, keeping in mind that the US and European central banks have cut interest rates this month, “We are not impatient as some central banks have cut their interest rates. “Even though China's economic data has dropped somewhat, the overall economy is still in a reasonable range,” he said.