Excessive loosening of China's monetary policy would increase yuan pressure: central bank
Published Fri, Feb 19, 2016 · 07:58 AM
[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
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