The People's Bank of China (PBOC) has vowed to intensify the implementation of its monetary policies, according to a statement released by the PBOC's Monetary Policy Committee (MPC) on Wednesday.
At a meeting held last week, the MPC emphasized the importance of maintaining adequate liquidity at reasonable levels. This approach aims to guide rational economic growth while balancing the extension of credit across various sectors.
The PBOC also announced plans to stabilize and reduce financing costs for businesses and lower credit costs for individuals. These measures are designed to support sustainable economic development and ensure that both businesses and consumers have access to affordable financing.
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China's central bank vows to intensify monetary policy implementation
cgtn.com
