You are here

China's interest rate cuts not start of QE: economists

BT_20150512_CRCHINA127WQO_1663926.jpg
Speculation that China is using QE is at odds with the fact that the country still has manoeuvring room in its monetary policy toolkit, stressed Lu Lei, head of PBOC's research bureau.

Beijing

CHINA'S central bank cut interest rates starting on Monday in the face of inflationary pressure and economic headwinds, but experts say the step should not be interpreted as the start of quantitative easing (QE).

The People's Bank of China (PBOC) on Sunday announced it will

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom