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MNI BRIEF: PBOC To Add Policy Strength For Econ Goals - Pan

MNI (BEIJING ) - The People's Bank of China will intensify its policy efforts and maintain ample liquidity to lower funding costs, while preparing incremental measures and coordinating with fiscal polices, Governor Pan Gongsheng has told Xinhua News Agency.

The Bank will maintain an accommodative stance, expedite the implementation of already introduced measures, and keep the yuan stable at a reasonable level, he said, noting policy tools will place greater emphasis on price-based facilities over quantitative ones. (See MNI: PBOC Eyes Lower Rate For GDP Target, RRR Cut Optional)

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MNI (BEIJING ) - The People's Bank of China will intensify its policy efforts and maintain ample liquidity to lower funding costs, while preparing incremental measures and coordinating with fiscal polices, Governor Pan Gongsheng has told Xinhua News Agency.

The Bank will maintain an accommodative stance, expedite the implementation of already introduced measures, and keep the yuan stable at a reasonable level, he said, noting policy tools will place greater emphasis on price-based facilities over quantitative ones. (See MNI: PBOC Eyes Lower Rate For GDP Target, RRR Cut Optional)

Keep reading...Show less