PBOC will maintain prudent, flexible monetary policy in H2

Dhwani Mehta FXStreet

China will maintain a prudent, flexible and targeted monetary policy in the second half of 2021 to support economic growth, the People’s Bank of China (PBOC) said in a statement over the weekend.

Key quotes

Called for "rectifying" e-commerce and other tech companies.

“China will focus on maintaining stability in its macro policies over the second half and will not inject massive liquidity through "flood-like" measures.”

“It would "maintain a high level of pressure" on firms speculating in digital currencies.”

“China will keep the yuan exchange rate stable within a reasonable and balanced range.”

Read: The Caixin China Manufacturing PM: 50.3 vs 51.3 in June

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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