Economics

PBOC Chief Vows Supportive Policy as Growth Returns to Potential

Economy to return to potential growth rate in 2022, Yi says
PBOC’s monetary policy stance diverges with rest of the world

People’s Bank of China Governor Yi Gang says the central bank will keep its policy flexible, and that the growth is expected to return its to potential level this year. He delivered videotaped remarks ahead of a meeting of central bank chiefs and finance ministers from the Group of 20 nations in Jakarta. Source: Bloomberg

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By Bloomberg News

February 15, 2022 at 10:56 PM EST

Updated on

February 16, 2022 at 12:36 AM EST

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China’s economy will return to its potential growth rate in 2022, though various challenges will require the central bank to maintain a supportive monetary policy stance, Governor Yi Gang said.