China central bank pledges to step up policy support for real economy
2022.05.09 13:22
FILE PHOTO: A man wearing a mask walks past the headquarters of the People’s Bank of China, the central bank, in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 3, 2020. REUTERS/Jason Lee
BEIJING (Reuters) – China’s central bank said on Monday it would step up support for the real economy, while closely watching domestic inflation and monitoring policy adjustments by developed economies.
The People’s Bank of China (PBOC) will keep liquidity reasonably ample, prioritise stability and take steps to boost confidence, the bank said in its first-quarter monetary policy implementation report.
China will keep its economic operations within reasonable range, the central bank said, adding that it will not resort to flood-like stimulus and will not use property as short-term stimulus for economy.
