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Economic news

China to stick to supportive monetary policy, PBOC governor says

06/18/2024

Less than a minute

2024.06.18 22:54

SHANGHAI (Reuters) – China will stick to a supportive monetary policy stance, while conditions for the central bank to start trading in the secondary bond market has become gradually ripe, the head of its central bank said on Wednesday.

© Reuters. U.S. Treasury Secretary Janet Yellen walks with People's Bank of China (PBOC) Governor Pan Gongsheng on the day of their meeting, in Beijing, China April 8, 2024. REUTERS/Florence Lo/ File Photo

China will flexibly use various monetary policy tools including interest rates and reserve requirement ratios, People’s Bank of China (PBOC) Governor Pan Gongsheng told the Lujiazui Forum in Shanghai.

He added that China will resolutely prevent exchange rate overshooting.

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06/18/2024

Less than a minute