Below are some key takeaways from the recently published PBoC statement with key quotes, via Reuters, found below.
- Will maintain prudent and neutral monetary policy.
- Will improve on deleveraging work.
- Will fend off systemic financial risks.
- Will deepen market-based interest rate reform.
- Trade frictions, geopolitics, normalization of monetary policies in major economies increased uncertainties in global econ. & financial markets.
- Will comprehensively use multiple monetary policy tools to maintain ample liquidity in the banking system.