PBoC cuts rates in bid to buffer impact of virus

The People’s Bank of China
The People's Bank of China

The Chinese central bank cut two policy rates on February 20, in what it said was an effort to reduce the economic impact of the coronavirus outbreak.

Indonesia’s central bank also cut its policy rate ahead of a virus impact on the same day.

These moves follow recent cuts by the central banks of Thailand and the Philippines, which both lowered key policy rates by 25 basis points in early February. Asian central banks are worried that a coronavirus outbreak could seriously hamper growth

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.