- Analytics
- News and Tools
- Market News
- China still has room for monetary policy - ex-PBOC head
China still has room for monetary policy - ex-PBOC head
China still has room for conventional monetary expansion, but its ability to deal successfully with a crisis depends on whether monetary policy can work together with fiscal and structural reform policies, China’s former central bank head Zhou Xiaochuan said
“We can still try to avoid getting very soon into the negative interest rates area, if we can successfully manage macroeconomic control in this regard,” Zhou said at the Bloomberg New Economy Forum. “Then we don’t need to consider that much about unconventional monetary policy.”
Global monetary authorities should think about how to prevent crises from occurring, and should “try our best” to avoid lowering interest rates all the way to zero before a crisis begins, Zhou said. He emphasized that rates in China are still much higher than in other developed nations.
Zhou, who led the People’s Bank of China from 2002-2018, said debt bubbles and the impact of the trade war with the U.S. would be his main concerns going forward.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
