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PBOC’s Chen Reaffirms Neutral Policy Amid Tightening Concerns

  • Central bank to implement ‘prudent and neutral’ policy
  • Policy measures spurred concerns over excessive tightening

China will pursue “neither loose nor tight” monetary policy to ensure basically stable liquidity, People’s Bank of China Deputy Governor Chen Yulu said.

The central bank will continue to implement “prudent and neutral” monetary policy, and create a “neutral and moderate” financial environment for supply-side reform, Chen told the Tsinghua PBCSF Global Finance Forum in Beijing Saturday.