The People’s Bank of China (PBOC) said it had sufficient policy space to support the economy’s recovery, adding to expectations there could be more easing to come, including interest rate cuts, after this month’s pause.
The central bank has “ample policy room” to react to challenges, Zou Lan, head of the monetary policy department at the People’s Bank of China, told reporters in Beijing on Wednesday. The central bank will step up counter-cyclical adjustment, he said, reiterating the PBOC’s previous policy stance.
