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Author Topic: China National Bank pledges to strengthen the policy after Covid-19  (Read 605 times)

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China National Bank pledges to strengthen the policy. Hope to stimulate the economy after Covid-19

The Bank of China (PBOC) has pledged to strengthen its macroeconomic policy. As well as enhancing the implementation and coordination of fiscal, financial and employment policies. To cope with the effects of Covid-19 Towards the growth of the economy

Central bank of china Disclosed in the statement after the quarterly meeting of the Monetary Policy Committee that China will carefully implement monetary policy By being more flexible and suitable And pay more attention to the real economic stimulation and sustainable development

The Chinese central bank revealed that The growth of the Chinese economy faces challenges. Due to the epidemic of Covid-19 worldwide and the global economic situation is still complicated.

The said statement states that The Chinese bank will use a variety of monetary policy tools. While developing new tools In order to maintain liquidity at an appropriate and sufficient level. In addition, the National Bank will encourage financial institutions to join together to upgrade the true economic support. Especially supporting small and small companies Including private companies

The Xinhua News Agency reported that The Bank of China also pledged to raise interest rate reform. And maintain the stability of the RMB exchange rate to an appropriate and balanced level



 

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