restrictive

Even with additional rate cuts, monetary policy would remain mildly restrictive, “which is appropriate for ensuring that inflation resumes its decline once tariff effects filter through the economy,” she said.

China’s inquiry promised to judge whether the U.S. has engaged in “discriminatory restrictive behaviors” against its shipping and shipbuilding industries.

Beijing will also examine whether relevant parties have assisted the U.S. in taking “discriminatory restrictive measures” against China in the shipping industry, the ministry said.

"The US cannot demand talks while simultaneously imposing new restrictive measures with threats and intimidation. This is not the right way to engage with China," they said in a statement.

A narrow majority supported at least two additional rate cuts this year, saying the balance of risks had shifted toward employment and that policy remained restrictive even after September’s first move.