Central Banks
China’s Central Bank Signals More Policy Support for Economy
- PBOC official says RRR, liquidity instruments will be used
- Tailored support for property market also on the cards
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The People’s Bank of China hinted at more policy support for the economy, while also urging patience for the recovery to take hold.
Top central bank officials said they have enough room to ease monetary policy if needed and hinted at possible adjustments to the reserve requirement ratio for banks and further targeted easing of property controls.