PBOC: Will make prudent monetary policy flexible, targeted and appropriate

Dhwani Mehta FXStreet

In its latest statement released on Monday, the People’s Bank of China (PBOC) reiterated that they will make prudent monetary policy flexible, targeted and appropriate.

Additional comments

“Will keep liquidity reasonably ample.”

“Will make credit growth more stable.”

“Will safeguard legitimate rights and interests of housing consumers.”

“China's economic recovery not solid, unbalanced.”

“To push real lending rates to further fall.”

“Vow to ensure 'healthy' property market development.”

Market reaction

USD/CNY was last seen changing hands at 6.4583, down 0.06% on a daily basis.

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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