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No timetable to launch digital currency

chinadaily.com.cn/Xinhua | Updated: 2019-09-24 10:58
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Yi Gang, governor of the People's Bank of China, answers questions at a news conference in Beijing on Sept 24, 2019.[Photo by Zhu Xingxin/chinadaily.com.cn]

China has no timetable to launch a digital currency, said Yi Gang, governor of the People's Bank of China, at a news conference held on the stable, healthy and sustainable development of China's economy on Tuesday.

It is the first news conference held at the Press Center for the Celebration of the 70th Anniversary of the Founding of the People's Republic of China.

China will keep its prudent monetary policy, Yi added.

Currently, China's economy is running within a reasonable range. The country's macroeconomic policy, especially fiscal policy and the monetary policy, still have room to cope with the downward pressure, said Yi.

China is in no rush to take policies in interest rate cutting and quantitative easing, and the monetary policy will remain prudent, Yi said.

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