PBOC advisor says maintain neutral monetary policy

Yu Yongding, a senior economist and member of the People's Bank of China's monetary policy committee said China should maintain a neutral monetary policy as any change soon could confuse markets.

Yu said that further tightening monetary policy would do more harm than good, and that interest rates should be left where they are.

Yu also said there is no need to increase liquidity in the money market either, despite growing concerns about a slowdown in credit growth, noting that banks are reluctant

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