PBOC reaffirms that it will implement moderately loose monetary policy

  • Remarks by the Chinese central bank
China
  • Will expand domestic demand, stabilise expectations
  • Will maintain ample liquidity
  • To grasp the strength and pace of policy implementation with flexibility
  • Will keep prices at reasonable levels
  • Will further improve framework of interest rate adjustment
  • To maintain yuan exchange rate basically stable at reasonable, balanced level

These are the usual volley of comments by the PBOC. It comes after taking big action earlier this week as seen here.

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