China’s PBOC Vows to Boost Confidence, Support Economy
The People's Bank of China building in Beijing.
Photographer: Qilai Shen/Bloomberg
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China’s central bank vowed to boost confidence and provide more effective support to the economy, amid mounting growth pressure from the country’s worst Covid outbreak since Wuhan.
The People’s Bank of China reaffirmed it will step up the magnitude of monetary policy and make it more forward-looking, targeted and autonomous, according to a statement Wednesday.