BEIJING (Reuters) – China’s monetary policy will continue to be expansionary to support the economic recovery, People’s Bank of China Chairman Yi Gang said, according to state media.
China’s real interest rates are quite low considering inflation, Yi told China Global Television Network (CGTN) in an interview.
China’s outstanding green loans exceeded 18 trillion yuan ($2.69 trillion) in March, while outstanding green bonds reached about 1.3 trillion yuan, Yi said according to the transcript of the interview posted on the central bank’s website. .
CGTN said the interview took place recently.
(Reporting by Kevin Yao)
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