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.
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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