PBoC: Economy is under increasing downward pressure
|Below are some key takeaways from the People's Bank of China's recently published third-quarter monetary policy implementation report, as reported by Reuters.
- Economy is under increasing downward pressure.
- Will carry out prudent, neutral monetary policy.
- Wikk deepen interest rate reforms.
- Yuan has been basically stable.
- Will make policies more flexible, more targeted.
- Will encourage financial institutions to support small private enterprises.
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