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China will maintain prudent monetary policy amid coronavirus epidemic


China will maintain prudent monetary policy amid coronavirus epidemic
Image Credit: Wikimedia

China will maintain its prudent monetary policy, vice governor of the central bank said on Saturday, at a time the economy has been hit by a coronaviurs outbreak.

Fan Yifei, vice governor at the People's Bank of China, told a press briefing that consumer prices were unlikely to rise sharply.

He added that non-performing loan ratio remained relatively low in China and he saw space to deal with bad loan problems.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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