China central bank says no plans for big economic stimulus
Saturday, 09 28 2019, Category: Economy, Country: China
China's central bank governor said Tuesday its monetary policy will stay "stable and healthy," suggesting Beijing has no plans to join the United States and Europe in cutting interest rates to stimulate economic growth amid a tariff war with Washington.
The People's Bank of China will avoid a "massive stimulus," Yi Gang said at a news conference.
"We believe that for our monetary policy we should stay committed to our own course and stick with an orientation that is stable and healthy," Yi said.