China Cental Bank says it will make prudent monetary policy more flexible and targeted

China’s central bank said on Thursday it will make prudent monetary policy more flexible and targeted, and keep liquidity appropriately ample.

The People’s Bank of China (PBOC) said it expected the macro leverage ratio to gradually return to a reasonable level, and vowed to help banks to replenish capital and step up disposal of non-performing loans.

China will also stabilise land prices, home prices and property market expectations, the PBOC said in its second-quarter monetary policy implementation report, posted on its website, reiterating that it will not use the housing market as a short-term stimulus.

Syed Zaki Hussain

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

The Canadian Securities Institute

CANADIAN SECURITIES COURSE - Inside Financial Markets

CSI is part of Moody's Analytics Learning Solutions, which offers educational programs and credentials throughout the world.

Email Newsletter

Subscribe to receive inspiration, news, and ideas in your inbox.

Follow us on Twitter