Elderly depositors seek information about the safety of their savings at a branch of Yingkou Coastal Bank in Yingkou, Liaoning province, on November 8. China’s cuts in lending rates to shore up a slowing economy have put more pressure on small banks like Yingkou. Photo: ReutersElderly depositors seek information about the safety of their savings at a branch of Yingkou Coastal Bank in Yingkou, Liaoning province, on November 8. China’s cuts in lending rates to shore up a slowing economy have put more pressure on small banks like Yingkou. Photo: Reuters
Elderly depositors seek information about the safety of their savings at a branch of Yingkou Coastal Bank in Yingkou, Liaoning province, on November 8. China’s cuts in lending rates to shore up a slowing economy have put more pressure on small banks like Yingkou. Photo: Reuters
Tai Hui
Opinion

Opinion

Macroscope by Tai Hui

Why the People’s Bank of China is easing monetary policy carefully, with a chisel not a sledgehammer

  • This month, China’s central bank cut lending rates by just 5 basis points. Unlike during previous slowdowns, the PBOC is keen to avoid flooding the economy with liquidity and starting another boom-bust cycle

Elderly depositors seek information about the safety of their savings at a branch of Yingkou Coastal Bank in Yingkou, Liaoning province, on November 8. China’s cuts in lending rates to shore up a slowing economy have put more pressure on small banks like Yingkou. Photo: ReutersElderly depositors seek information about the safety of their savings at a branch of Yingkou Coastal Bank in Yingkou, Liaoning province, on November 8. China’s cuts in lending rates to shore up a slowing economy have put more pressure on small banks like Yingkou. Photo: Reuters
Elderly depositors seek information about the safety of their savings at a branch of Yingkou Coastal Bank in Yingkou, Liaoning province, on November 8. China’s cuts in lending rates to shore up a slowing economy have put more pressure on small banks like Yingkou. Photo: Reuters
READ FULL ARTICLE