PBOC Chief Vows Supportive Policy as Growth Returns to Potential

(Bloomberg) — China’s economy will return to its potential growth rate in 2022, though various challenges will require the central bank to maintain a supportive monetary policy stance, People’s Bank of China Governor Yi Gang said.

“We will keep our accommodative monetary policy flexible and appropriate and will increase support for key areas and weak links in the economy,” Yi said in a videotaped speech Wednesday before a meeting of central bank chiefs and finance ministers from the Group of 20 nations in Jakarta.