PBOC’s Yi: Will be able to maintain normal monetary policy and positive interest rates

People’s Bank of China (PBOC) Governor Yi Gang said on Wednesday, the central bank “will be able to maintain a normal monetary policy and positive interest rates for as long as possible.”

“China’s potential economic growth is expected to be kept within a reasonable range,” Yi added.

He said, “will step up targeted support for key and weak sectors – party congress supplementary reading.”

Yi added that they “Will improve market-oriented floating foreign exchange system, effectively manage and guide market expectations- party congress supplementary reading.”

Market reaction

The USD/CNY pair was last seen trading at 7.2730, modestly flat on the day.

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