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China should avoid overly loose monetary policy – PBOC’s Yi

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Yi Gang, Deputy Governor of the Chinese central bank (PBOC) is crossing the wires now, speaking at the structural reform forum in Beijing.

    Key Headlines:

    Over supply and lack of supply exist at same time

    China needs structural reform and total demand management

    China should avoid overly loose monetary policy

    China’s current prudent monetary policy avoids excessive loosening of credit conditions

    Excessive loosening of monetary policy will create asset bubble and increase downward pressure on Yuan

    Job mkt still good as China labor force shrink

    Money policy to prevent overly liquidity inject

    Overly loose mon pol may bring depreciation
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