PBoC chief vows to keep policy accommodative
But economist expects room for China to cut interest rates further to be small
The governor of China’s central bank, Yi Gang, vowed to maintain an accommodative monetary policy to support China’s economic recovery after a series of shocks.
“This year, we face some downward pressures of growth due to Covid-19 and external shocks, and the monetary policy will continue to be accommodative to support economic recovery in aggregate sense,” Yi said in an interview with state broadcaster CGTN on June 27.
When asked about the current stance of China’s monetary policy, the PBoC
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