China has room to ease monetary policy further, but authorities should not be ca...
FILE PHOTO: Headquarters of the People's Bank of China , the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo
“Our monetary policy has space...but such policy space cannot be squandered at will,” Zhang Xuechun, the deputy director of the research bureau at the People’s Bank of China , said at a forum in Beijing. To support economic growth, which is running near a 30-year low, the central bank is widely expected to ease policy further, although it has limited room to act due to debt, housing and inflation risks, analysts said.
China needs to improve transparency and disclosure of medium- and small-sized banks following recent problems, which have pushed up risk premiums for all such banks, Zhang said.
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