Economics
Yi Says PBOC Will Balance Stabilizing Growth, Curbing Risks
- China will try to maintain normal monetary policy if possible
- Total debt-to-GDP ratio expected to stabilize this year
This article is for subscribers only.
The People’s Bank of China will seek to balance supporting economic growth and curbing emerging risks, Governor Yi Gang said, signaling a continuation of the central bank’s existing policy stance.
“Going forward, China’s monetary policy will, on one hand, adjust to new economic developments in a timely manner, and on the other hand maintain policy stability to avoid a policy cliff,” the central bank chief said at a virtual conference hosted by Hungary’s central bank on Monday.