PBOC Governor Yi: Will keep monetary policy flexible - Reuters

Dhwani Mehta FXStreet

In a China Finance magazine article published late on Monday, the People’s Bank of China (PBOC) Governor Yi Gang commented on the central bank’s monetary policy.

Key Headlines (via Reuters):

PBOC will keep its monetary policy flexible and appropriately adjust it according to changes in the country’s economic situation.

Tools he described as a “slow release of air” and “soft landing” must be used when the economy begins overheating or a bubble in asset prices starts developing.

But that financial markets must be stabilized and public confidence enhanced if a recession or external shock occurred.

The central bank would continue to promote the opening up of China’s financial industry to technology, improve governance and develop a macro policy framework that will enhance international confidence in the renminbi.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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