PBOC: Will make monetary policy more flexible, targeted

Dhwani Mehta FXStreet

The People’s Bank of China (PBOC) said in a statement on Monday, it “will make monetary policy more flexible and targeted,” while keeping liquidity reasonably ample.

Further points

“Will guide comprehensive financing costs significantly lower.”

“Will keep yuan exchange rate basically stable.”

“Will maintain a long-term balance between economic growth and risk control.”

PBOC unlikely to cut RRRs in Q4 – China Press

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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