Yi said China in the future would lower the reserve requirement ratio for banks, the amount of cash that major lenders need to keep on hand - at a "normal" pace.
"Our reserve requirement ratio is still at a relatively high level so there is still room to lower the RRR. In future, we will proceed to lower the RRR at a normal pace," he said.
Yi said the PBOC planned to keep interest rates at a reasonable level to reduce the corporate debt burden, and noted that interest rate liberalisation does not mean that the central bank would reduce regulation of rates.