September 24, 2019 / 3:52 AM / 20 days ago

China central bank governor says in no rush to take big policy easing steps

Governor of People's Bank of China (PBOC) Yi Gang attends a news conference on China's economic development ahead of the 70th anniversary of its founding, in Beijing, China September 24, 2019. REUTERS/Florence Lo

BEIJING (Reuters) - China central bank governor Yi Gang said on Tuesday that authorities are in no rush to take big policy easing steps to cope with downward pressure on the economy.

There is still relatively big policy room but it should be “treasured”, said Yi, adding that some people worry that major economies may exhaust monetary policy tools amid talk of negative interest rates.

Reporting by Kevin Yao; Editing by Richard Borsuk

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