Support Message from Chen Yulu, Governor of the People's Bank of China

Deputy Governor of the People's Bank of China, Chen Yulu, noted that the People's Bank of China will continue to provide assistance on behalf of the economy and increase their support.

While central banks, struggling against the worldwide economic difficulties, make tightening decisions within the scope of the fight against inflation under the leadership of the FED, China continues to follow a completely different method. Support messages continue to be shared from the vice president of the People's Bank of China, which has signed regulations that support the economies of countries that have recently had a difficult time with the pandemic. In an interview with the Xinhua news agency, Deputy Governor of the People's Bank of China, Chen Yulu, noted that the bank will increase its support for the real economy, and underlined that China may be affected by the change in global policy, with that inflation is under control. After these decisions, an increase in expectations for relaxation is observed in China. In the details of the news published in one of China's leading economy newspapers, ICBC Economist Cheng Shi states that China is turning to structural monetary policy tools for targeted support for the sectors affected by the epidemic, and that there is room to go in reserve requirements and interest rates in the environment where the Fed raises interest rates. . On April 15, the People's Bank of China decided to lower the required reserve ratios of banks by 25 basis points. Recently, the People's Bank of China brought a loosening monetary policy framework that supports economic growth to the agenda and announced a 23-item package to support the economy, while bank officials continued their statements prioritizing growth.