PBOC: Will step up support to expand domestic demand

The People’s Bank of China (PBOC) said in a statement on Friday, they “will step up support to expand domestic demand.”

Additional takeaways

“Will make prudent monetary policy precise and forceful.”

“Will keep liquidity reasonably ample.”

“Will better use overall and structural policy tools.“

“Will stabilize growth, stabilize employment and prices.”

“Will deepen exchange rate reform, increase the flexibility of Yuan.”

“Will further improve monetary policy transmission mechanism.”