Caixin
Jan 19, 2022 06:38 AM
FINANCE

PBOC Signals Easing With Pledges of More Pro-Stability Policies

The People's Bank of China (PBOC) headquarters building in Beijing.
The People's Bank of China (PBOC) headquarters building in Beijing.

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.

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