China's central bank will keep monetary policy flexible and adjust it appropriately according to changes in the country's economic situation, bank Governor Yi Gang said.
Yi's comments come amid widespread expectations that the central bank will ease policy further in coming months to support China's economic growth, which has cooled to the weakest pace since the global financial crisis.
However, some of the pressure for more immediate action may have been lifted by a weekend agreement . . .
To continue reading, please subscribe. You will get
- Original and in-depth reporting on China's economy and financial markets
- Details, data and perspectives you don't read elsewhere
- THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
- Daily Brief newsletters to get you prepared for every trading day
We highly value independence. We are solely funded by subscriptions from thousands of readers like you.
Already have an account? Sign In