You are here

Excessive loosening of China's monetary policy would increase yuan pressure: central bank

Friday, February 19, 2016 - 15:58

[BEIJING] Excessive loosening of monetary policies in China would create asset bubbles and increase downward pressure on the yuan, the vice governor of China's central bank warned on Friday.

Yi Gang, a vice governor of the People's Bank of China, also told an economic forum that the country's current prudent monetary policy avoids excessive loosening of credit conditions.


Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom