Chinese policymakers have implemented a raft of measures to support an economy jolted by a coronavirus outbreak that is expected to have a devastating impact on first-quarter growth. The People’s Bank of China (PBOC) is attempting to restore investor confidence and as global markets shudder at the potentially damaging impact of the virus on world growth. Below are some fiscal and monetary policies put in place by the government and the central bank since the outbreak: ** On Feb. 3 and Feb. 4, the People’s Bank of China (PBOC) pumped in 1.7 trillion yuan ($242.74 billion) through open market operations. ** China’s central bank unexpectedly cuts some key short-term money market interest rates, and analysts predict more are likely. A central bank adviser says the possibility of a cut in the country’s benchmark loan prime rate (LPR) on Feb. 20 has significantly increased. ** The central bank […]