Jan 05, 2023 04:57 AM

ECONOMY

China’s Central Bank Pledges Targeted, Prudent Monetary Policy

The PBOC is expected to keep monetary policy loose for at least the next few months

The PBOC is expected to keep monetary policy loose for at least the next few months

(Bloomberg) — China’s central bank reiterated that it will implement a targeted and prudent monetary policy in 2023 and provide support to domestic demand.

The People’s Bank of China (PBOC) said it will “comprehensively use multiple monetary policy tools and keep liquidity reasonably ample.” The remarks in a statement Wednesday followed the PBOC’s annual work conference.

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