PBOC says monetary policy will be flexible, appropriate

  • PBOC remarks in its Q4 monetary policy implementation report
  • To implement market-oriented policy tools to support small enterprises
  • To maintain steady optimisation of credit structure
  • Will step up cross-cyclical adjustments
  • To deepen market-based interest rate reform
  • Will meet reasonable and effective financing demand while not resorting to flood-like stimulus

The usual remarks from the PBOC so in essence, they haven't quite changed their stance on policy for the time being.

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