China to Maintain ‘Normal’ Monetary Policy, PBOC Chief Says

China will maintain “normal” monetary policy for as long as possible, according to the People’s Bank of China Governor Yi Gang.

Policy makers plan to encourage a “reasonable” increase in household savings and incomes, Yi wrote in an article published Saturday in the central bank’s biweekly magazine China Finance. The country will also make sure its liquidity stays somewhat ample, and will facilitate reasonable growth of money supply and social financing, while avoiding excess liquidity flooding the economy in order to reduce fluctuations, he said.