China can maintain positive interest rates with economic growth - central bank

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BEIJING -China will be able to maintain normal monetary policy and positive interest rates for as long as possible with its potential economic growth likely to stay within a reasonable range, its central bank governor said.The world's second-biggest economy slowed this year, weighed by strict COVID-19 restri

BEIJING -China will be able to maintain normal monetary policy and positive interest rates for as long as possible with its potential economic growth likely to stay within a reasonable range, its central bank governor said.

People's Bank of China Governor Yi Gang wrote the comments in a book entitled"A Supplementary Reading of the 20th Communist Party Congress Report" published in October and cited in local media on Wednesday. China will improve its market-oriented floating foreign exchange system and effectively manage and guide market expectations, he added.

Source: Financial Digest (financialdigest.net)

 

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