PBOC’s Zou: Still have ample room to support the economy

People’s Bank of China (PBOC) official, Zou Lan, said at a press conference on Friday, they “still have ample room to support the economy.”

Further comments

Closely watching the effectiveness of policy steps.

Recent interest rate cuts for the property sector have achieved significant results.

Will implement monetary policy in a precise and forceful manner.

Expects total social financing and credit to maintain steady growth in Q4.

Pressures on the Yuan from China-US yield gap are likely to ease.

China will maintain current account surplus.

Stable Yuan has solid foundation.

Will resolutely prevent the risk of Yuan overshooting.

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