Beijing, Tuesday — Governor Pan Gongsheng of the People’s Bank of China (PBOC) emphasized the importance of balanced adjustments to monetary policy tools to foster a moderate recovery in prices and maintain the renminbi exchange rate within an appropriate and balanced range.
Speaking at a press conference on Tuesday, Governor Pan responded to a question from a CMG reporter regarding the central bank’s monetary policy plans. He highlighted that the PBOC is committed to ensuring that its policy tools are adjusted in a manner that supports economic stability.
“We are focused on striking the right balance in our monetary policy adjustments to promote a steady recovery of prices,” Pan stated. “Maintaining the renminbi exchange rate within a suitable and balanced range is crucial for the financial health of our economy.”
The governor’s remarks underscore the central bank’s dedication to using monetary policy judiciously to navigate the economic landscape, aiming to balance growth with financial stability.
Reference(s):
PBOC: Monetary policy tools adjustments need to strike good balance
cgtn.com
