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22 Nov 2022

PBOC’s Yi: China's monetary policy provides robust support to real economy

People's Bank of China (PBOC) Governor Yi Gang said late Monday, China's monetary policy has provided significant support to the real economy and has proved to be well-calibrated.

Additional takeaways

“As the Chinese economy is faced with challenges and downward pressure this year, authorities have adjusted the monetary policy in a timely fashion to provide greater support to the real economy.”

“The PBOC has tailored policy solutions to local specificities, including cutting mortgage rates and down payment ratios to support real housing needs.”

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