China’s Central Bank Governor Says Focus Is Now on Growth
- Monetary policy has been ‘pretty accommodative,’ Yi says
- GDP growth is worse than expected due to Covid, governor says
Yi Gang
Source: Bank of Thailand
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People’s Bank of China Governor Yi Gang said the central bank’s attention is now centered on economic growth, a sign policymakers may shift gear toward supporting the recovery as the nation gradually eases Covid controls.
“Our focus is growth right now,” Yi said in a video speech given to a central bank conference in Bangkok on Friday. “We have a pretty accommodative monetary policy in place to help with economic recovery and maximize employment.”