PBOC Chief Yi Gang Says Monetary Policy Is Helping Support the Economy

(Bloomberg) — China’s central bank Governor Yi Gang said monetary policy is in a “comfortable range” and is helping support the economy as growth pressures mount.

“Accommodative monetary policy is stepping up support for the real economy,” the governor of the People’s Bank of China (PBOC) said on a panel at the Boao Forum for Asia on Friday. He cited recent measures by the PBOC to transfer profits to the central government and support for small and midsized businesses.