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PBOC's Focus On Stable Prices And Employment-Herald

MNI (Singapore)

The People’s Bank of China will increase the intensity of prudent monetary policy, focusing on stabilising prices and safeguarding employment, the 21st Century Business Herald reported citing a statement on the central bank website following the Q2 meeting of the PBOC’s Monetary Policy Committee. Compared to the Q1 meeting, the PBOC’s new emphasis is to stabilise employment and prices and ensuring economic development, the newspaper said. The PBOC will boost overall demand via aggregate policies, while increasing support for key areas and weak links through structural tools, the newspaper said citing Wen Bin, chief economist of Minsheng Bank.

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