SHANGHAI (Reuters) – China’s central bank will continue to implement prudent monetary policies and create an appropriate financial environment for high-quality economic growth, Governor Yi Gang said, according to the bank’s website.
Yi also said that China’s economic growth remains basically stable, despite facing downward pressure. The yuan currency is basically stable and credit is growing at a steady pace, he said.
Yi made the remarks during a G20 meeting in Washington held Oct 17-18, according to a statement posted on PBOC’s website on Saturday.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.