PBOC Working On Monetary Policy Improvement, Ignoring The Trade War
The People's Bank of China is planning to regulate its monetary policy in a "pre-emptive" way in order to make sure the liquidity is consistent. Yesterday, China’s top officials promised to hold the economic growth within a reasonable range and to reach this year's target, shrugging off damage from the trade war.
The Central Bank said in a statement:"We will implement a prudent monetary policy and make policy more forward-looking, flexible and effective". Members also pledged to balance risk prevention with support for the economy.