Home PBOC’s Yi: Previous policy measures caused an over tightening in credit policy

PBOC’s Yi: Previous policy measures caused an over tightening in credit policy

Published date: 13 Nov. 2018 | 02:58

In an interview with the People’s Bank of China (PBOC) Governor Yi Gang, he talks about the central bank’s policy measures, with the key points found below.

Previous policy measures lacked consideration, coordination and precise execution.

Previous policy measures caused an over tightening in credit policy (credit conditions).

Previous policy measures contributed to difficulties of private firms.

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