Zhou's PBOC past shows multiple policy moves
Central bank governor has a track record of consecutive steps and so his latest rate cut is unlikely to be a one-off
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Beijing
IN his 12 years as People's Bank of China (PBOC) governor, Zhou Xiaochuan has never stopped at a single shift to benchmark interest rates once prompted into action.
Mr Zhou, who took office in 2002 when Alan Greenspan was still chairman of the Federal Reserve, has overseen two tightening and two easing cycles for a total of 22 moves to the one-year lending rate and 20 to the one-year deposit rate. Simple maths suggests his latest cut is unlikely to be a one-off.
