China will maintain prudent monetary policy amid coronavirus epidemic

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FILE PHOTO: Fan Yifei, vice governor of the People’s Bank of China (PBOC), attends a news conference during the ongoing session of the National People’s Congress (NPC) in Beijing, China March 10, 2019. REUTERS/Jason Lee

BEIJING (Reuters) – 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.

Reporting by Kevin Yao in Beijing, writing by Winni Zhou; Editing by Himani Sarkar

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