China’s central bank chief pledged yesterday to keep policy accommodative to support the slowing economy, with steps such as helping small firms and sectors hit by Covid-19 outbreaks, reinforcing expectations it will roll out more modest easing steps. But Yi Gang, governor of the People’s Bank of China (PBoC), also underlined the need to maintain price stability amid high global inflationary pressure. “China’s monetary policy is accommodative and is in a comfortable range. We also stand ready to support small and medium-sized enterprises with more instruments, if needed,” Yi said in a video speech to the annual Boao Forum for Asia. “So with that outlook, certainly we have accommodative mone
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