BEIJING, 03 MAR – The Central Bank of China (Pboc) will adjust monetary policy “in a timely and appropriate manner” and the cut in banks’ compulsory reserves to free up long-term liquidity will still be an effective tool to support the economy. Governor Yi Gang told a press conference that the institute “will provide ‘strong’ financial support for the stable and healthy development of the economy.” The focus of structural monetary policy will be green finance, technological innovation, infrastructure and housing. China will strengthen communication and coordination with international macro policy. (HANDLE).
(ANSA)
