The PBoC will continue implementing appropriately loose monetary policy
Importance
Level 1
- Will strengthen implementation and oversight of interest rate policy to keep overall financing cost low.
- Vow to expand use of CNY in cross-border trade.
- Support more tech firms to issue bond for financing.
- Says China faces strong supply and weak demand problem.
#CHINA#CNY#ASIA#PBOC#IMPORTANT#FIXED INCOME#EU SESSION#CENTRAL BANK#MONETARY POLICY