PBOC Vice Governor Liu: Central bank has no intent to tighten or relax monetary policy
|The People’s Bank of China (PBOC) Vice-Governor Liu Guoqiang was reported by Reuters, as saying that China's prudent monetary policy is overall appropriate, neither tight nor loose.
Additional Comments:
The central bank has no intent to tighten or relax monetary policy.
Use of Repos and Medium-term Lending Facilities (MLFs) does not signal loosening bias.
PBOC market operations are to adjust short-term liquidity only.
PBOC doesn't want to see liquidity shortage or stimulus flood.
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