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CHINA: PBOC Governor Comments on Monetary Policy in Xinhua Interview

CHINA

MNI (London) PBOC Governor Pan has spoken in an interview with Xinhua. Highlights below via Reuters News:

  • “China will gradually shift away from a focus on quantitative targets”
  • “China will place greater emphasis on the use of price-based tools such as interest rates”
  • “China will improve the mechanism for forestalling and defusing systemic risks”
  • “China will stabilize expectations and help consolidate the country's economic recovery trend”
  • “PBOC will move to implement already-introduced policies and measures, develop additional policy tools and enhance policy coordination” 
  • “China will adhere to supportive monetary policy”
  • “Will better meet reasonable consumer financing needs in a more targeted manner” 

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