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

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.


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