China's central bank held a teleconference on Tuesday with delegates from the China Insurance and Banking Regulatory Commission, the Ministry of Finance and all major lenders, discussing how to offer financial support to the economy. Photo: AFP China's central bank held a teleconference on Tuesday with delegates from the China Insurance and Banking Regulatory Commission, the Ministry of Finance and all major lenders, discussing how to offer financial support to the economy. Photo: AFP
China's central bank held a teleconference on Tuesday with delegates from the China Insurance and Banking Regulatory Commission, the Ministry of Finance and all major lenders, discussing how to offer financial support to the economy. Photo: AFP

Coronavirus: Fed rate cut has ‘opened the window’ for China to pursue more aggressive economic policy

  • After the US Federal Reserve’s surprise 50 basis point cut to interest rates – the biggest since the global financial crisis – China is tipped to follow suit
  • Central bank expected to embark on more aggressive monetary loosening to counter coronavirus impact on economy, according to state newspaper editorial

Topic |   Central Banks
China's central bank held a teleconference on Tuesday with delegates from the China Insurance and Banking Regulatory Commission, the Ministry of Finance and all major lenders, discussing how to offer financial support to the economy. Photo: AFP China's central bank held a teleconference on Tuesday with delegates from the China Insurance and Banking Regulatory Commission, the Ministry of Finance and all major lenders, discussing how to offer financial support to the economy. Photo: AFP
China's central bank held a teleconference on Tuesday with delegates from the China Insurance and Banking Regulatory Commission, the Ministry of Finance and all major lenders, discussing how to offer financial support to the economy. Photo: AFP
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