PBOC says will continue with prudent, neutral monetary policy
Comments in the Q2 monetary policy report
- PBOC to monitor impact of global markets on China liquidity
- PBOC to keep liquidity 'basically stable' with multiple tools
- Counter-cyclical factor measure keeps yuan FX rate stable, will increase flexibility
- PBOC to limit credit flows to speculative housing purchases
That generally sounds like the status quo but the comments on housing and a more flexible yuan are notable. But China has promised more flexibility for years without really delivering.