PBoC: China to strengthen policy, lower lending rates

Yi (pic) , in an interview published by the central bank yesterday, said China’s economic fundamentals are unchanged despite many uncertainties and reiterated that its current stance on monetary policy will be more flexible.

BEIJING: China will strengthen its economic policy and continue efforts to lower interest rates on loans, central bank governor Yi Gang said, reinforcing expectations of further support measures to revive an economy ravaged by the coronavirus pandemic.

Yi, in an interview published by the central bank yesterday, said China’s economic fundamentals are unchanged despite many uncertainties and reiterated that its current stance on monetary policy will be more flexible.