PBOC official:
-
RRR cuts, open market operation, MLF, and all structural monetary
policy tools needs to be used flexibly to maintain liquidity in
banking system reasonably ample -
Will guide banks to effectively adjust mortgage interest rates and
support banks to reasonably control cost of liabilities -
NDRC will strengthen policy reserve to unleash huge market potential
This is the from the new conference for this:
NDRC, finance ministry MOF, central bank PBOC, and taxation administration joint news conference. The subject matter is to promote high-quality economic development with combination of macro policies