Skip to main content

Advertisement

Advertisement

Business

China central bank sees limited impact to economy from COVID-19

China central bank sees limited impact to economy from COVID-19

A woman walks past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, China. (File photo: Reuters/Jason Lee)

HONG KONG: China's central bank said on Wednesday (Feb 19) the impact of the coronavirus on the economy will be limited as the epidemic has not changed the country's economic fundamentals.

The People's Bank of China (PBOC) said it would help anti-virus efforts by extending credit, including by providing favourable loans or interest rates to companies involved in controlling the epidemic.

In its fourth-quarter monetary policy implementation report, the bank added that it would also would keep the yuan currency stable and maintain its prudent monetary policy to ensure financial stability.

BOOKMARK THIS: Our comprehensive coverage of COVID-19 and its developments

Download our app or subscribe to our Telegram channel for the latest updates on the coronavirus outbreak: https://cna.asia/telegram

Source: Reuters/nr

Advertisement

Also worth reading

Advertisement