PBOC Governor Yi: China to step up implementation of 'prudent' monetary policy

“China's economy is facing downward pressure due to COVID-19 and external shocks, and the central bank will "increase implementation of prudent monetary policy" to support the real economy, China's central bank, People’s Bank of China (PBOC), Governor Yi Gang said,” said Reuters during the weekend.

The news adds that PBOC Governor Yi made the comments via videolink during the meeting of G20 finance leaders in Indonesia, the People's Bank of China said in a statement on Saturday.

More to come