PBOC's Yi Says China Should Avoid Overly Loose Monetary Policy

People’s Bank of China Deputy Governor Yi Gang said setting monetary policy that’s too loose may put depreciation pressure on the yuan.

China should maintain monetary policy that’s prudent, appropriate, and flexible, Yi said Friday at a forum in Beijing that was also attended by other top policy makers.

— With assistance by Yinan Zhao, and Penny Peng

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