China will make monetary policy more flexible, targeted in second half: central bank

FILE PHOTO: Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo

August 3, 2020

BEIJING (Reuters) – China’s monetary policy will be more flexible and targeted in the second half of the year, the central bank said on Monday.

China will actively and steadily push forward yuan internationalisation and capital account convertibility, the People’s Bank of China said in a statement on its website.

(Reporting by Lusha Zhang, Judy Hua and Kevin Yao; Editing by Kevin Liffey)

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *