China’s monetary policy will continue to be accommodative to support economic recovery, People’s Bank of China governor Yi Gang was quoted by state media as saying. China’s real interest rates are pretty low considering inflation, Yi told the state-run broadcaster China Global Television Network (CGTN) in an interview. “This year, we face some downward pressures of growth due to Covid-19 and external shocks, and the monetary policy will continue to be accommodative to support economic recovery in aggregate sense,” Yi said a transcript of the interview posted on the central bank’s website. “At the same time, we also emphasise structural policies such as supporting small- and medium-sized ent
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