PBoC chief vows to keep policy accommodative

Yi Gang

Yi Gang speaking at the World Economic Forum

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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