China central bank says will continue to implement prudent monetary policies

[October 19, 2019]    SHANGHAI (Reuters) - China's central bank will continue to implement prudent monetary policies and create an appropriate financial environment for high-quality economic growth, Governor Yi Gang said, according to the bank's website.

A woman walks past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo

Yi also said that China's economic growth remains basically stable, despite facing downward pressure. The yuan currency is basically stable and credit is growing at a steady pace, he said.

Yi made the remarks during a G20 meeting in Washington held Oct 17-18, according to a statement posted on PBOC's website on Saturday.

(Reporting by Samuel Shen and John Ruwitch)

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