Monetary policy vital to limit economic shocks from epidemic

By Cheng Shi | China Daily | Updated: 2020-02-07 09:28We are now at a critical moment in the fight against the pneumonia epidemic caused by the novel coronavirus. The battle to contain the epidemic’s adverse impact on China’s economy has also started. Unlike the SARS episodes in 2003, the government is likely to use monetary policy as a priority in the campaign to limit the economic shocks.Counter-cyclical adjustments in a timely manner are necessary, as the epidemic will hit the economy. Measures are needed to prevent short-term shocks turning into long-term crisis. However, the current situa…

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