Beijing (Reuters) – The Chinese central bank wants to continue to support the economic recovery from the virus consequences.
Monetary policy will be more flexible, targeted and appropriate this year, said the central bank’s vice governor, Chen Yulu, at a press conference on Friday. Price stability will be in the foreground. However, there should not be any major changes to the previous approach. It was not clear which of the adjusting screws the central bank could turn.
The Chinese economy has largely recovered from the virus’ aftermath thanks to a sharp lockdown and emergency aid for businesses. A renewed increase in the number of infections in large parts of the world and also in China is ensuring vigilance not least at the central bank.
–
– .
