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PBOC to ensure liquidity, credit growth, official says

By Zhou Lanxu | chinadaily.com.cn | Updated: 2023-07-14 14:30
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File photo shows an exterior view of the People's Bank of China in Beijing, capital of China. [Photo/Xinhua]

The People's Bank of China, the central bank, will comprehensively use policy tools including the reserve requirement ratio to ensure ample liquidity in the banking system and a reasonable credit growth, said an official of the PBOC.

Zou Lan, head of the monetary policy department at the PBOC, said at a news conference on Friday that new structural policy tools may also be created if necessary to provide targeted support for key areas and weak links.

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