A woman walks past the headquarters of the People’s Bank of China in Beijing on September 28, 2018. China’s central bank made a number of small rate cuts in November this year, easing fears that it was constrained in delivering monetary stimulus. Photo: Reuters
Opinion
Opinion
Macroscope
People’s Bank of China may be turning dovish, but investors should not bet on major stimulus in 2020
- Chinese policymakers seem inclined to stabilise the economy through monetary and fiscal easing measures, but a substantial ramp-up of policy stimulus appears unlikely
A woman walks past the headquarters of the People’s Bank of China in Beijing on September 28, 2018. China’s central bank made a number of small rate cuts in November this year, easing fears that it was constrained in delivering monetary stimulus. Photo: Reuters