September 24, 2019 / 3:46 AM / 3 months ago

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

FILE PHOTO: Governor of the People's Bank of China Yi Gang attends a thematic forum of the second Belt and Road Forum for international cooperation in Beijing, China, April 25, 2019. REUTERS/Jason Lee

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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