# Central bank: Monetary policy has wiggle room

> Yi Gang said China's prudent monetary policy has room to lower interest rates and add liquidity if needed. M2 grew 8% year on year at the end of February, and February new loans fell sharply from January's record.

- Date: 2019-03-11 · published 2019-03-11T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/60336-central-bank-monetary-policy-has-wiggle-room
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Possible easing supports Chinese economic growth and feed demand, though it could also weigh on the yuan.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-06-04 | [4 June 2019 \| Minutes of the Monetary Policy Meeting of the Board \| RBA](https://feedsoft.ai/events/11310-4-june-2019-minutes-of-the-monetary-policy-meeting-of-the-board-rba.md) | +0.4% | -0.8% |
| USDCNY | 2022-02-16 | [China-U.S. monetary policy divergence aids yuan stability - ex-regulator](https://feedsoft.ai/events/42926-china-u-s-monetary-policy-divergence-aids-yuan-stability-ex-regulator.md) | -0.4% | +0.2% |
| USDCNY | 2017-03-21 | [HK researchers ask how much markets affect RMB fixing - Central Banking](https://feedsoft.ai/events/72226-hk-researchers-ask-how-much-markets-affect-rmb-fixing-central-banking.md) | -0.5% | -0.4% |
| USDCNY | 2019-07-09 | [Former central bank official says keeping yuan stable "crucial"  - Xinhua Silk Road](https://feedsoft.ai/events/58332-former-central-bank-official-says-keeping-yuan-stable-crucial-xinhua-silk-road.md) | -0.1% | +2.4% |
| USDCNY | 2022-09-29 | ['Do not bet': China's central bank PBOC warns against yuan speculation](https://feedsoft.ai/events/39805-do-not-bet-china-s-central-bank-pboc-warns-against-yuan-speculation.md) | -1.2% | +0.3% |

## Sources

- english.www.gov.cn: https://english.www.gov.cn/state_council/ministries/2019/03/11/content_281476558024834.htm

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.