A cleaner sweeps the ground in front of the People’s Bank of China headquarters in Beijing on May 19. There is little hope the authorities will allow a significant easing of the monetary policy to prevent a further slowdown in the economy. Photo: Bloomberg
Opinion
Opinion
The View
Why China is unlikely to cut interest rates despite economic headwinds
- Monetary policy will probably ease to help small businesses and prevent an economic slump. But a rate cut is a significant and blanket move likely to feed inflation and the housing bubble
A cleaner sweeps the ground in front of the People’s Bank of China headquarters in Beijing on May 19. There is little hope the authorities will allow a significant easing of the monetary policy to prevent a further slowdown in the economy. Photo: Bloomberg
