PBOC Head Vows to Boost China Countercyclical Monetary Measures
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China’s central bank chief pledged to maintain an accommodative monetary policy stance and to double down on countercyclical adjustments to support the country’s economic growth.
In a report on the nation’s financial work to China’s top legislative body, the National People’s Congress Standing Committee, People’s Bank of China Governor Pan Gongsheng on Tuesday suggested that keeping an accommodative monetary policy stance and increasing the intensity of countercyclical adjustments will create a sound monetary and financial environment for stable economic growth and high-quality development, the official Xinhua News Agency reported.