- Downward economic pressure may increase
- China to keep prudent monetary policy
- Will fine tune policy at proper time based on economy
- To further promote rates liberalization and yuan rate reform
- Provided ¥500bn liquidity to banksvia MLF in Sep, ¥269.5bn in Oct
- MLF helped keeping liquidity levels
- Will keep exchange rates stable at reasonable levels
- Will expand yuan inflow and outflow levels
Details from the PBOC’s Q3 monetary policy implementation report
