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MNI BRIEF: PBOC Plans More Tools To Boost Economy

SINGAPORE (MNI)

A briefing to reporters.

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The People’s Bank of China is mulling new supportive measures to stabilise credit and lower financing cost for key sectors that have been hit by Covid-19 outbreaks, Chen Yulu, vice-governor of the central bank told reporters Thursday.

The PBOC will give more prominence to keeping "growth stability ” and enhancing cross-cyclical adjustment, Chen said, pointing to efforts the central bank has made, including keeping liquidity ample via cuts in the reserve requirement ratio, guiding loan rates down and introducing a series of targeted tools, see: MNI: China Inflation Surge Limits Policy Space.

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The People’s Bank of China is mulling new supportive measures to stabilise credit and lower financing cost for key sectors that have been hit by Covid-19 outbreaks, Chen Yulu, vice-governor of the central bank told reporters Thursday.

The PBOC will give more prominence to keeping "growth stability ” and enhancing cross-cyclical adjustment, Chen said, pointing to efforts the central bank has made, including keeping liquidity ample via cuts in the reserve requirement ratio, guiding loan rates down and introducing a series of targeted tools, see: MNI: China Inflation Surge Limits Policy Space.

Keep reading...Show less