PBOC says it will increase prudent monetary policy support

  • People's Bank of China

The People's Bank of China says it'll step up prudent monetary policy support to the real economy

  • will emphasize industry, SMEs, home business impacted by COVID-19, as well as agricutlural prduction and enery supply
  • says will keep liquidity reasonably ample,
  • will keep financial markets healthy and stable

The PBOC does not want extra funds flowing into speculative pursiuts, such as home prices.

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