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PBOC Governor says Bank has ample room to amend monetary policy, expects “productive talks” with US

  • The Governor says China has “tremendous” room to alter monetary policy if trade war deepens. 
  • At 12.30 PM GMT, the USDCNH pair was down 0.31 per cent at 6.9495, the lowest in 6-months.

People's Bank of China (PBOC) Governor Yi Gang in an interview with Bloomberg on Friday said that if the Sino-US trade war deepens, Beijing has a lot of space to adjust monetary and fiscal policies. He, however, expects productive talks with US Treasury Secretary Steven Mnuchin on the sidelines of the G-20 finance ministers meeting in Japan.