China central bank has no intent to tighten or relax monetary policy: vice-governor

April 25, 2019

BEIJING (Reuters) – China’s central bank has no intent to tighten or relax monetary policy, a vice governor said on Thursday, adding that its use of reverse repos or a medium-term lending facility (MLF) does not signal it has a loosening bias.

Liu Guoqiang, a People’s Bank of China vice-governor, made the above comments at a briefing in Beijing.

China’s prudent monetary policy is appropriate overall, and is neither tight nor loose, Sun Guofeng, another PBOC official, said at the same briefing.

(Reporting by Beijing Monitoring Desk; Editing by Kim Coghill)

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