PBOC Vows to Keep Policy Accommodative, Maintain Ample Liquidity

China’s central bank has pledged to maintain a moderately loose monetary stance and ample liquidity to support economic recovery, as the economy continues to face challenges from insufficient domestic demand and low prices.

The People’s Bank of China’s monetary policy committee reiterated its commitment to strengthen monetary policy adjustments and make them more forward-looking, targeted and effective, according to a statement Friday following its quarterly meeting on Sept. 23.