Monday, November 23, 2015

China’s monetary policy is in transition – PBOC Deputy Governor Yi

FXStreet (Mumbai) - The People's Bank of China (PBOC) Deputy Governor Yi Gang said over the weekend PBOC that interest and exchange rates are expected to gain bigger significance in future as monetary policy framework is in transition.

Key Quotes:

Monetary policy is in transition with concentration on price tools

Price tools like interest and exchange rates will gradually play bigger roles but quantitative tools like money supply and total social financing can't be excluded.

China should be an active participant and contributor in improving the framework of world economy governance and financial rules.

This will be helpful for China. China can be better protected if it participates in governance and rule making. China isn't trying to totally change its existing system.
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