People's Bank of China Governor Yi Gang spoke at a press conference looking at China's economic development ahead of the 70th anniversary of the founding of the People’s Republic. Photo: Reuters People's Bank of China Governor Yi Gang spoke at a press conference looking at China's economic development ahead of the 70th anniversary of the founding of the People’s Republic. Photo: Reuters
People's Bank of China Governor Yi Gang spoke at a press conference looking at China's economic development ahead of the 70th anniversary of the founding of the People’s Republic. Photo: Reuters
China economy
Economy /  China Economy

China in no rush to follow global interest rate cuts, central bank governor says

  • People’s Bank of China (PBOC) chief Yi Gang says Chinese economic conditions are in a ‘reasonable range’ meaning there is no need for major interest rate cuts
  • The central bank has cut the reserve ratio requirement three times this year but growth has continued to slow

Topic |   China economy
Amanda Lee
Amanda Lee

Updated: 10:39pm, 24 Sep, 2019

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People's Bank of China Governor Yi Gang spoke at a press conference looking at China's economic development ahead of the 70th anniversary of the founding of the People’s Republic. Photo: Reuters People's Bank of China Governor Yi Gang spoke at a press conference looking at China's economic development ahead of the 70th anniversary of the founding of the People’s Republic. Photo: Reuters
People's Bank of China Governor Yi Gang spoke at a press conference looking at China's economic development ahead of the 70th anniversary of the founding of the People’s Republic. Photo: Reuters
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