China’s central bank is reluctant to release unlimited liquidity into the financial system. Photo: Reuters
China’s central bank is reluctant to release unlimited liquidity into the financial system. Photo: Reuters
Yuan
Economy /  China Economy

China won’t follow West by easing monetary policy, says central bank chief

  • Yi Gang says People’s Bank of China will look to consumer price and exchange rate stability to help get economy back on track after Covid-19 pandemic
  • Unlike US Federal Reserve, the bank has been reluctant to adopt policy of unlimited quantitative easing

Frank Tang
Frank Tang in Beijing

Updated: 9:23am, 12 Oct, 2020

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China’s central bank is reluctant to release unlimited liquidity into the financial system. Photo: Reuters
China’s central bank is reluctant to release unlimited liquidity into the financial system. Photo: Reuters
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