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China to maintain normal monetary policy as long as possible, no competitive devaluation of yuan – PBOC governor

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China will not resort to quantitative easing and will maintain “normal” monetary policy as long as possible since economic growth is still within a reasonable range and inflation is mild overall, said Yi Gang, governor of the People's Bank of China (PBOC) in an article published by the state-run Qiushi magazine on Sunday.

The country will not resort to quantitative easing even as the interest rates in the world’s major economies are approaching zero . . .

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