Further monetary and fiscal stimulus still possible, Chinese policymakers say

China´s central bank had tools left in its toolbox should they become necessary, the monetary authority´s chief said on Friday.

Speaking at a conference in Shanghai, before the start of the G-20 finance ministers' meeting, People´s Bank of China boss Zhou Xiaochuan said: "China still has some monetary policy space and multiple policy instruments to address possible downside risks".

Earlier in the day the PBoC issued a statement in which it described the current policy stance as "prudent with a slight easing bias".

In parallel, Chinese finance minister Lou Jiwei reportedly said the country still had room to loosen fiscal policy.

Among the measures cited by Lou were cutting bureaucracy and greater mobility for migrant workers.

The PBoC also reportedly reiterated its stance favouring a stable trade weighted exchange rate.