Free Trial

PBOC To Implement Accurate And Effective Monetary Policy In 2023

CHINA PRESS
MNI (BEIJING)

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

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.