Monetary policy in 2016 will lean toward slight easing for sectors involved in supply-side reforms – PBOC’s Yi

Yi Gang, the People's Bank of China (PBOC) vice-governor, was also on the wires earlier today, noting that the monetary policy this year will pay attention to the sectors involved in supply-side reforms.

Key Quotes:

There has been no change in monetary policy tendency overall, although policy this year will pay more attention to flexibility and will lean toward slight easing for sectors of the economy involved in supply-side reforms

There is no contradiction between having a "prudent" monetary policy stance and a prudent monetary policy with an easing basis.