World News

China central bank sees limited impact to economy from coronavirus

HONG KONG (Reuters) – China’s central bank said on Wednesday the impact of the coronavirus on the economy will be limited as the epidemic has not changed the country’s economic fundamentals.

The People’s Bank of China (PBOC) said it would help anti-virus efforts by extending credit, including by providing favorable loans or interest rates to companies involved in controlling the epidemic.

In its fourth-quarter monetary policy implementation report, the bank added that it would also would keep the yuan currency stable and maintain its prudent monetary policy to ensure financial stability.

(Reporting by Meg Shen and Twinnie Siu; Editing by Andrew Heavens)