PBoC is adapting various monetary policy instruments for sufficient liquidity
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PBoC is adapting various monetary policy instruments for sufficient liquidity
PBoC is adapting various monetary policy instruments to ensure reasonable and sufficient liquidity, which should be higher than last year, including to ensure social financing, Governor Yi Gang said in an interview. According to an interview, Yi Gang stated that the PBoC will continue the targeted and moderate approach to stimulus. Despite the impact of the coronavirus pandemic, economic fundamentals are unchanged, he said.
The pandemic has added downward pressure on the quality of bank assets. He sees the risk of increasing non-performing loans.
At the annual session of the National People's Congress in Beijing, last week, Premier Li Keqiang said the monetary policy will be more flexible.
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