China’s central bank affirms supportive monetary policy stance at closely watched meeting

Key Points

The head of China’s central bank told a closely watched meeting Tuesday that the People’s Bank of China planned to maintain supportive monetary policy, state media said.
The PBOC head added the central bank plans to “increase the intensity of counter-cyclical monetary policy,” state media said in Chinese, translated by CNBC.
He was presenting a report on financial work at this week’s meeting of the National People’s Congress Standing Committee.

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