China's central bank signals more policy measures to support virus-ravaged economy

BEIJING - China's central bank said on Sunday it will step up counter-cyclical adjustments to support the economy and make monetary policy more flexible to fend off financial risks.

"But at present, challenges faced by China's economic development are unprecedented, we must fully consider difficulties, risks and uncertainties," it said. "We should properly handle the relationship between stabilising growth, ensuring employment, adjusting structure, preventing risks and controlling inflation," the PBOC said.

The central bank will continue to deepen the reform of the loan prime rate regime and improve the monetary policy transmission mechanism to help lower borrowing costs, it said. China will also develop its financial markets to fuel growth and economic restructuring, the central bank said.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australia 'deeply concerned' on reports of China barley tariffs as tensions riseMELBOURNE (REUTERS) - Australia on Sunday (May 10) raised concern that China is considering imposing hefty tariffs on imports of Australian barley, just as tensions rise between the world's second-biggest economy and one of its biggest suppliers of farm products.. Read more at straitstimes.com. One thing is clear. China now regards Australia as the 51st state of America, if only by proxy, lacking known missile sites, but equipped with F-35s, F-22s & a germ warfare facility tucked away in the outback. It’s why America’s wars around the world are now Australia’s wars. RCEP
Source: The Straits Times - 🏆 8. / 63 Read more »