You are here

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

[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.

REUTERS