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Yi Says PBOC Will Balance Stabilizing Growth, Curbing Risks

  • China will try to maintain normal monetary policy if possible
  • Total debt-to-GDP ratio expected to stabilize this year
Yi Gang
Yi GangPhotographer: Andrew Harrer/Bloomberg
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The People’s Bank of China will seek to balance supporting economic growth and curbing emerging risks, Governor Yi Gang said, signaling a continuation of the central bank’s existing policy stance.

“Going forward, China’s monetary policy will, on one hand, adjust to new economic developments in a timely manner, and on the other hand maintain policy stability to avoid a policy cliff,” the central bank chief said at a virtual conference hosted by Hungary’s central bank on Monday.