PBOC's Yi says that central bank will maintain prudent and neutral monetary policy

Author: Justin Low | Category: Central Banks

Comments by PBOC governor Yi Gang

  • Will keep liquidity reasonably ample
  • Will guide financial institutions to offer financing support for private firms that have temporary liquidity problems
  • Financial institutions should step up support for private companies
Tightening credit and liquidity has been a real issue for Chinese banks and companies this year and it's been a balancing act for the most part by the PBOC. There's rumours of a further RRR cut to come in October to continue to pump more liquidity into the market so that will be something to look out for as the year winds down.

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