China's central bank maintains accommodative monetary policy and strengthens counter-cyclical adjustments for economic recovery, as stated by Governor Pan Gongsheng.
China will maintain an accommodative monetary policy and strengthen counter-cyclical adjustments to support economic recovery, according to Pan Gongsheng, governor of the People's Bank of China. The central bank aims to create a favorable environment for economic and social development amid ongoing recovery while facing internal and external challenges. Global inflation has started to cool down, but it remains sticky, and the complexity, severity, and uncertainty of the external environment have increased.
June 19, 2024
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