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 . . .
To continue reading, please subscribe. You will get
- An indispensable and reliable source of information on China's economy and financial markets
- Original and in-depth reporting
- Details, data and perspectives you don't read elsewhere
- THE WIRE - the ONLY real-time financial news platform focused on China, with 24/7 continuous live updates
- Daily Brief newsletters to get you prepared for every trading day
Don't Miss Christmas Offer! Full subscription less than $0.5 a day!
We highly value independence. We are solely funded by subscriptions from thousands of readers like you.
Already have an account? Sign In