PBOC to ensure liquidity, credit growth, official says
2023-07-14
The People's Bank of China, the central bank, will comprehensively use policy tools including the reserve requirement ratio to ensure ample liquidity in the banking system and a reasonable credit growth, said an official of the PBOC.
Zou Lan, head of the monetary policy department at the PBOC, said at a news conference on Friday that new structural policy tools may also be created if necessary to provide targeted support for key areas and weak links.