Economics

PBOC Governor Signals Policy Caution With Focus on Inflation

Central bank governor says policy is in ‘comfortable’ range
He highlights structural policy steps taken, support for SMEs

Yi Gang
Photographer: Qilai Shen/Bloomberg

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By Bloomberg News

April 22, 2022 at 1:28 AM UTC

Updated on

April 22, 2022 at 5:46 AM UTC

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China’s central bank governor stressed the importance of keeping inflation under control in two separate speeches released Friday and pledged more targeted support for small businesses, reinforcing policy makers’ cautious approach to monetary stimulus.