PBoC monetary policy committee holds a meeting; PBoC says expectations for economic growth is relatively weak
- China's economic operation continues an upward trend but faces challenges of insufficient demand and weak social expectations.
- will meet reasonable financing demand of real estate enterprises, regardless of different ownership.
- will resolutely correct pro-cyclical behaviour and firmly prevent the risk of exchange rate overshooting.
- will step up the implementation strength of introduced monetary policy.
- will accurately and effectively implement a prudent monetary policy, pay more attention to counter-cyclical adjustment, give better play to dual functions of monetary policy tools.
- will promote small and mid-sized banks focus on core business.
- will support banks to replenish capital.
03 Apr 2024 - 10:04- Fixed IncomeImportant- Source: Newswires
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