PBOC ends easing phase, supports growth without rushing rate cuts
China's central bank, the People's Bank of China (PBOC), is keeping its focus on supporting growth but isn't rushing to cut interest rates right now.
Its latest update signals the end of its recent easing phase, with a new goal: making sure old and new policies work well together.
Even though people in China aren't spending much, strong exports are helping the economy hit its growth target.
PBOC prefers targeted tools for stability
Instead of lowering rates across the board, the PBOC is using more targeted tools to keep financial markets steady and manage risks.
Experts say they're being careful: dropping rates too low could make people worry about the economy's health.
With inflation under control and borrowing costs already low, the PBOC wants to fine-tune things through reforms rather than quick fixes.