PBOC says to continue with prudent monetary policy

Author: Justin Low | Category: Central Banks

Comments by the Chinese central bank

PBOC
  • To step up counter-cyclical adjustment
  • Downward pressure on the economy keeps increasing
  • To boost banks' ability to supply credit
  • Will continue to push real lending rates lower
Nothing new from the PBOC above as the remarks come after a symposium on the yuan and credit situation today. So far, China has been keeping a steady balance in deleveraging efforts and maintaining economic growth - as seen from the M2 reports.
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