It’s monetary policy as usual, says head of China’s central bank
11 October 2020 - 17:33
Beijing — China will maintain “normal” monetary policy for as long as possible, according to People’s Bank of China (PBOC) governor Yi Gang.
Policymakers plan to encourage a “reasonable” increase in household savings and incomes, Yi wrote in an article published on Saturday in the central bank’s biweekly magazine China Finance. The country will also make sure its liquidity stays ample, and will facilitate reasonable growth of money supply and social financing, while avoiding excess liquidity flooding the economy to reduce fluctuations, he said...
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