PBOC facing difficulty in setting policy-report

The People's Bank of China has said it is facing more difficulty in setting monetary policy because of the fast-changing domestic and international environment, the official Financial News reported.

The newspaper quoted Xiang Junbo, deputy central bank governor, as saying that the PBoC is finding it more difficult to make policy decisions.

The report did not elaborate but analysts have said that the independence of China's monetary policy has been compromised by yuan appreciation with the centr

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