Central Bank Governor on Multiple Objectives and Challenges

(Washington, D.C.) – China's transition economy requires its central bank to pursue multiple objectives, but striking the right balance is tricky, said Zhou Xiaochuan, governor of the People's Bank of China.

In a June 24 speech delivered at the International Monetary Fund in Washington, D.C., the central banker stated that the PBOC has been tasked with multiple objectives, including maintaining price stability, boosting economic growth, promoting employment, and broadly maintaining a balance of payments.