Yi Gang, the president of the People's Bank of China, said today that China will put the stability of its monetary policy this year; the measures for measures during the exit of the epidemic have little impact on the economy.
Yi Gang pointed out in an interview with Xinhua News Agency that China will use a wide range of monetary policy tools to maintain liquidity at a reasonable level and ensure that the growth of general currency supply and social financing basically match the nominal economic growth.
Yi Gang said that China does not use zero interest or negative interest rates, nor does it implement quantitative easing policy. "As a few major economies that implement normal monetary policy, China is far from using a large number of stimulus policies."
He also added that China will provide more financial support for small and medium -sized enterprises, technological innovation and green development.
The People's Bank of China recently held a 2021 working conference saying that a stable monetary policy must be flexible, accurate, reasonable and appropriate, and maintain a basically matching of the growth rate of broad currencies and social financing.Credit policy accurate drip irrigation effects.
