PBOC says monetary policy to stay normal 'as long as possible'

PBOC says monetary policy to stay normal 'as long as possible'

By Chen Jia | China Daily | Updated: 2020-05-07 07:38China’s central bank reiterated its intent to maintain a “conventional monetary policy as long as possible”, while keeping certain policy adjustment space to encourage moderate savings and prevent asset bubbles.The tone was evident in an article authored by a research team of the central bank’s general administration department and published in the latest issue of China Finance, a magazine run by the People’s Bank of China, the central bank.The article summarized the framework of China’s “modern central bank system”. The idea behind such a s…

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