In a recent press conference, Pan Gongsheng, Governor of the People's Bank of China (PBOC), emphasized the importance of maintaining a balanced approach in adjusting monetary policy tools. Addressing questions from a CMG reporter, Pan highlighted that these adjustments are aimed at fostering a moderate recovery of prices while ensuring that the renminbi exchange rate remains within an appropriate and stable range.
The PBOC's commitment to a balanced monetary strategy reflects its dedication to sustaining economic stability amidst global uncertainties. By carefully calibrating policy tools, the central bank seeks to support price stability and manage the currency's value, which are crucial for both domestic and international economic interactions.
This approach not only aids in achieving sustainable economic growth but also enhances investor confidence in the Chinese economy. As global markets navigate through varying economic challenges, the PBOC's strategies play a pivotal role in shaping the financial landscape of the region.
Reference(s):
PBOC: Monetary policy tools adjustments need to strike good balance
cgtn.com
