November 21, 2019 / 5:17 AM / 16 days ago

China has room for more interest rate cuts - former PBOC governor

FILE PHOTO: Zhou Xiaochuan, President of China Society for Finance and Banking and former governor of the People's Bank of China (PBOC) attends an interview with Reuters in Geneva, Switzerland, September 19, 2018. REUTERS/Denis Balibouse

BEIJING (Reuters) - China still has room for more interest rate cuts, but it is unclear whether that monetary easing could effectively avert a potential financial crisis, the former central bank governor Zhou Xiaochuan said on Thursday.

Zhou warned that a low interest rate and low-inflation environment could leave the world vulnerable to the next crisis and the world would need to figure out how to deal with it.

Zhou made the above comments at the Bloomberg New Economy Forum in Beijing.

Reporting by Yawen Chen, Brenda Goh and Cheng Leng; Editing by Christian Schmollinger

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