![]() ![]() The People's Bank of China (PBOC) has already pumped in hundreds of billions of dollars into the financial system this week as it attempted to restore investor confidence and as global markets shuddered at the potentially damaging impact of the virus on world growth. "Currently, monetary policy is being loosened, but the central bank will follow a step-by-step approach and watch the virus situation," said a policy insider. ![]() 20, and cut banks' reserve requirement ratios (RRRs) in the coming weeks, said the sources who are involved in internal policy discussion. With the death toll from the virus epidemic climbing to over 420 and risks to growth mounting, China's central bank is likely to lower its key lending rate - the loan prime rate (LPR) - on Feb. ![]()
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