The People’s Bank of China (PBOC) has pledged to intensify the implementation of its monetary policies to ensure stable economic growth. In a statement released on Wednesday, following a recent meeting of its Monetary Policy Committee (MPC), the central bank emphasized the importance of maintaining adequate liquidity and guiding rational credit growth.
The MPC, a crucial body in formulating and adjusting China’s monetary policy, underlined the need to keep liquidity at reasonable levels to support the real economy. “We will enhance the implementation of prudent monetary policy, keeping liquidity reasonably ample,” the PBOC stated.
Supporting Businesses and Individuals
The central bank highlighted its commitment to stabilizing and reducing financing costs for businesses and credit costs for individuals. This move aims to bolster market confidence and facilitate sustained economic recovery amid global uncertainties.
By balancing the extension of credit and guiding financial institutions, the PBOC seeks to promote healthy and sustainable economic development. The measures are expected to support small and medium-sized enterprises (SMEs) and stimulate domestic consumption.
Navigating Economic Challenges
China’s economy has shown resilience in the face of global challenges, and the PBOC’s renewed commitment reflects its proactive approach to monetary policy. The central bank’s focus on prudent policy implementation is designed to navigate economic headwinds and maintain financial stability.
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China's central bank vows to intensify monetary policy implementation
cgtn.com
