PBOC Signals Help for Economy on the Way With Credit Growth Weak

China’s central bank indicated it will step up its fight against deflation and prepare additional policies to revive the economy, after credit data showed private confidence remained weak despite previous interest-rate cuts.

Aggregate financing, a broad measure of credit, increased less in August than in the same month a year earlier, while new loans extended by financial institutions undershot economist forecasts, according to Bloomberg calculations of data released by the People’s Bank of China on Friday.