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PBOC To Implement Accurate And Effective Monetary Policy In 2023

CHINA PRESS

The PBOC will ensure monetary policy is sound, accurate and effective in 2023, following five years of unusual and extraordinary circumstances, according to a recent report posted on the central banks’ social media account. The PBOC said it will use a variety of monetary policy tools to maintain reasonable and sufficient liquidity, keeping money supply and social financing in line with nominal economic growth. Multiple measures will be made to reduce the financing costs for firms, and the yuan exchange rate will be kept stable. Efforts will be made to develop the international use of the yuan, the PBOC said.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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