More from PBOC Governor Yi Gang - Will not resort to flood-like stimulus

People's Bank of China Governor Yi Gang and Deputy Governor speaking.

The dep gov:

• China's economy is improving but there are still uncertainties
• Will adjust monetary policy in a timely way
• Will not resort to flood-like stimulus
• Will steer monetary policy mainly based on domestic conditions
• Will make assessments on structural policy tools
• Some structural tools will be extended, some tools will exit
• Expects China's inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term will be modest, inflation under control

more to come