Web Notifications

SaltWire.com would like to send you notifications for breaking news alerts.

Activate notifications?

China central bank says will continue to implement prudent monetary policies

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS

Olive Tapenade & Vinho Verde | SaltWire

Watch on YouTube: "Olive Tapenade & Vinho Verde | SaltWire"

SHANGHAI (Reuters) - China's central bank will continue to implement prudent monetary policies and create an appropriate financial environment for high-quality economic growth, Governor Yi Gang said, according to the bank's website.

Yi also said that China's economic growth remains basically stable, despite facing downward pressure. The yuan currency is basically stable and credit is growing at a steady pace, he said.

Yi made the remarks during a G20 meeting in Washington held Oct 17-18, according to a statement posted on PBOC's website on Saturday.

(Reporting by Samuel Shen and John Ruwitch)

Share story:
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT