PBOC says to implement and refine moderately loose monetary policy

  • China economy still faces many risks and challenges
  • To further improve monetary policy framework, maintain policy continuity and stability
  • To resolutely defend the bottom line of preventing systemic financial risks
  • Will adjust intensity and pace of policy implementation according to the situation
  • Will maintain ample liquidity
  • To push for prices to remain at a reasonable level
  • To continue to strengthen implementation and supervision of interest rate policies
  • Will stabilise market expectations, resolutely deal with disruptions to the market order

A lot of token remarks as Beijing continues to reaffirm their support for the economy. The key wording is in the headline still as they continue to seek a more “moderately loose” monetary policy for now

PBOC says to implement and refine moderately loose monetary policy

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