China to strengthen economic policy, no timetable for launch of state digital currency – PBOC governor
China to strengthen economic policy, no timetable for launch of state digital currency – PBOC governor

China to strengthen economic policy, no timetable for launch of state digital currency – PBOC governor

 

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China will strengthen its economic policy and make more efforts to lower borrowing costs, said Yi Gang, governor of the People's Bank of China (PBOC), reinforcing expectations of more support measures to shore up the virus-hit economy.

China's monetary policy will be more flexible and China’s economic fundamentals are unchanged despite many uncertainties, Yi said in an interview with China Finance published by the bank on Tuesday.

The central bank will use various monetary policy tools to maintain sufficient liquidity, and keep the annual growth rate of M2 money . . .

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