Yi Gang — China’s monetary policy framework – supporting the real economy and striking a balance between internal and external equilibrium

Summary:
My speech is composed of four parts. The first part is an introduction to China’s monetary policy framework, the second part clarifies how monetary policy supports the real economy, the third part is about how to prevent and resolve financial risks, and the last part focuses on how to strike a balance between internal and external equilibrium. As we know, the Law of the People’s Bank of China explicitly stipulates that the ultimate goal of China’s monetary policy is to maintain currency stability and thereby facilitating economic growth. To maintain currency stability has two tiers of meanings: internally it means to maintain prices stable and externally it means to keep RMB exchange rate basically stable at an adaptive and equilibrium level.... BISYi Gang: China's monetary policy

Topics:
Mike Norman considers the following as important: Chinese monetary policy, PBOC, Yi Gang

This could be interesting, too:

Mike Norman writes Over .4 Billion USD Transacted On China’s Official Blockchain Project, PBoC Affiliate Report — Lujan Odera

Mike Norman writes Zero Hedge — China Fixes Yuan Weaker Than 7 For First Time In Over 11 Years

Mike Norman writes Gene Frieda — China’s Difficult Balancing Act

Mike Norman writes Yu Yongding — China must release the renminbi