China’s central bank, the People’s Bank of China(PBoC), declared to use multiple monetary policy tools to support the economy. The PBoC said it will use:
- prudent monetary policy should be not too loose, not too tight.
- it will keep liquidity reasonably ample.
- it will step up counter-cyclical adjustments.
- it will keep Yuan basically stable.
- it will make monetary policy more forward-looking, flexible and targeted.
- it will keep reasonable growth in credit, social financing.
- it will comprehensively use multiple monetary policy tools.
- it will further improve the monetary policy transmission channel.
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