China has ample monetary policy tools to support economy: central bank
Reuters
Published Sep 23, 2019 09:56PM ET
China has ample monetary policy tools to support economy: central bank
BEIJING (Reuters) - China has ample monetary policy tools and relatively large policy room to support its economy, the country's central bank said on Tuesday, adding that the current interest rate levels are appropriate.
Dangers from shadow banking and key institutions have been steadily resolved, said the People's Bank of China (PBOC) in a statement handed out before a press conference, adding that the country's financial risks are generally under control.
The banking sector's non-performing loan (NPL) ratio stood at 1.99% currently, said the PBOC.
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Written By: Reuters
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