The People’s Bank of China (the central bank) hinted at further support for economic policies, and called for patience until the recovery process takes hold.
Senior Bank officials stated that they had sufficient scope to relax fiscal policy if necessary, and hinted at possible adjustments to banks’ required reserve rate and further targeted easing of property controls.
Liu Juchiang, deputy governor of the central bank, told reporters in Beijing today: “We still have ample room to deal with unexpected challenges and changes according to Bloomberg News Agency today. Liu stated that China would implement a strong and targeted monetary policy.
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