China's central bank to keep monetary policy prudent, flexible, appropriate
November 24, 2020

China’s central bank to keep monetary policy prudent, flexible and appropriate

BEIJING- On Sunday, the central bank stated that China’s monetary policy will be kept prudent, flexible and appropriate with continued deepened financial reforms.

After the People’s Bank of China Governor Yi Gang chaired a work meeting, the central bank vowed to prevent financial crises and decided it would continue to help finance smaller companies.

The central bank also said which it would continue to allow the market to play a decisive role in the currency exchange rate bit keep the yuan rate stable in a reasonable range.

(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.

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