China's PBOC to continue implementing 'appropriately loose' monetary policy
FXI•China's central bank said it will continue an "appropriately loose" monetary policy, step up counter-cyclical adjustments and keep the yuan basically stable at a reasonable level.
1. Policy plans
The People's Bank of China said it would continue an "appropriately loose" monetary policy and step up counter-cyclical adjustments, according to a statement on its third-quarter monetary policy committee meeting.
2. Tools and liquidity
The central bank said it would use monetary policy tools and adjust them as appropriate to maintain ample liquidity. It said growth in aggregate social financing and money supply should align with economic growth and the targeted overall price level.
