China Central Bank Suggests Easing Monetary Policy in Future

Like dominoes

The People's Bank of China on Sunday said it will fine-tune its policies as needed, suggesting slightly easier monetary conditions ahead as an acute cash crunch exacerbated challenges faced by an already slowing economy.

The bank will continue to implement prudent monetary policy, the central bank said in a statement after a quarterly meeting of the Monetary Policy Committee chaired by Governor Zhou Xiaochuan in Beijing. The PBoC did not mention the exact meeting date but said the meeting was held 'recently'.