Press "Enter" to skip to content

PBOC pledges prudent monetary policy, stresses counter-cyclical adjustment

China's prudent monetary policy stance has not been fundamentally changed despite that the word "neutral" was removed (from the Government Work Report delivered by the Premier Li Keqiang to the National People's Congress last week), said Yi Gang, governor of the People's Bank of China at a press conference on the sidelines of the country’s annual meeting of parliament.

"The prudent monetary policy stresses counter-cyclical adjustment and monetary condition should be neither too tight nor too loose, which means the growth of broad M2 money supply and aggregate social financing should match the nominal GDP . . .

To continue reading, please subscribe:


We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. 

Not satisfied with general information that you can get everywhere? Join us now! We go deeper to bring you details, data and perspectives you won't read elsewhere!

What you'll get:

  • In-depth & data-driven reporting on China's economy and financial markets
  • Daily Brief newsletter delivered before market open every weekday. You don't have to spend time to source information about this market. We do it for you! You only need to spend 10 minutes every day to read our newsletter! 
  • Exclusive interviews with China experts. We find you insights you should never miss!
  • Conference calls and events. Nothing is better than talking to newsmakers, experts and reporters directly, right?


Already have an account? Sign In