"We are paying very close attention to major economies' accelerated monetary policy tightening," Zou Lan, head of monetary policy at the People's Bank of China, told reporters in Mandarin, according to a CNBC translation.
From the U.S. to Singapore, many central banks have swiftly tightened monetary policy in the last month or so, with Japan and China notable exceptions. Zou emphasized how domestic affairs drive China's monetary policy, and did not signal major changes in coming months. BEIJING — China's central bank said Wednesday it's closely watching monetary policy tightening abroad, without signaling interest rate changes at home.
"We are paying very close attention to major economies' accelerated monetary policy tightening," Zou Lan, head of monetary policy at theStay informed about local news and weather. Get the NBC Chicago app for