China's central bank governor Yi Gang said in a signed article published on...
FILE PHOTO: Governor of People's Bank of China Yi Gang attends a news conference on China's economic development ahead of the 70th anniversary of its founding, in Beijing, China September 24, 2019. REUTERS/Florence Lo
China will not resort to quantitative easing even as the monetary policies of the world’s major economies are approaching zero interest rates, People’s Bank of China Governor Yi Gang wrote in an article published by the leading Communist Party theoretical journal Qiushi. He reiterated the central bank will continue to implement prudent monetary policy, conduct counter-cyclical adjustments, improve monetary policy transmission and keep liquidity reasonably ample.
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