PBOC Vows to Keep Reasonable Credit Growth, Stable Currency
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The People’s Bank of China vowed to maintain the “reasonable” growth of money supply and credit, while repeating a pledge to keep the currency stable.
The central bank will step up support for major sectors key to stabilizing the economy, as well as weak links and industries damaged by the pandemic, according to a notice published Friday that called on its employees to study strategies set by the Communist Party’s congress in October.