China: The BPC pleads for increased support for the real economy | photo credits: shutterstock
BEIJING, May 9 (Reuters) – The People’s Bank of China (PBOC) reiterated on Monday that it will step up support for the real economy, while closely monitoring inflation due to domestic factors and policy adjustments from developed economies.
China’s central bank said in its first-quarter monetary policy implementation report that it is committed to maintaining reasonably ample liquidity, prioritizing financial stability and taking measures to boost confidence. .
China will keep its interventions within reasonable limits, without resorting to stimulus measures that would flood the markets, the PBC added. (Report Kevin Yao and the Beijing office, French version Laetitia Volga, edited by Kate Entringer)