Economics
PBOC Panel Signals Shift to Growth and Market Stabilization
- Central bank stresses ‘sufficient’ liquidity, policy balance
- Advisory policy committee has first meeting under Yi
The People's Bank of China headquarters in Beijing, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s central bank said it’ll keep economic development steady and stabilize market expectations, and reiterated a more cautious tone on debt containment.
The People’s Bank of China will keep a close eye on domestic and global economic developments and step up "forward-looking policy fine-tuning," according to a statement released Thursday after a meeting a day earlier of the monetary-policy advisory committee led by Governor Yi Gang. The meeting was the panel’s first since Yi took office in March.