PBOC’s Yi: PBOC well prepared for global monetary policy normalisation

The People’s Bank of China (PBOC) Governor Yi Gang is out on the wires now, via Reuters, speaking on the monetary policy at the Boao Forum in China.

Key Headlines:

PBOC will continue with the prudent monetary policy.

PBOC well prepared for global monetary policy normalization.

China-US rate differential is in a comfortable range.

 Lending & deposit rates will mainly be determined by the market.