PBOC Signals Easing With Pledges of More Pro-Stability Policies

China’s central bank pledged to roll out more monetary policy measures to help stabilize the economy, sending an easing signal as the world’s second-largest economy faces mounting downward pressures.

The central bank will “open the monetary policy toolbox wider, maintain stable overall money supply and avoid a collapse in credit,” Liu Guoqiang, deputy governor of the People’s Bank of China (PBOC), said Tuesday at a briefing in Beijing. Liu said the policy efforts should be targeted and preemptive.