China will lower RRR and interest rates at proper time, central bank says


The People's Bank of China (PBOC) in Beijing. — Bloomberg

BEIJING: China's central bank said it would strengthen monetary policy adjustments and cut banks' reserve requirement ratios and interest rates at "an appropriate time," according to a statement released on Friday.

The central bank will enrich and improve monetary policy tools and monitor changes in treasury bonds' long-term yields, the readout of a meeting of its monetary policy committee, held on Dec. 27, showed. - Reuters

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
China , monetary policy , PBOC ,

Next In Business News

Perak Transit names Jeffrey Cheong deputy
EPB eyes transfer from ACE to Main Market
MM Computer moves forward with IPO
Inta Bina bags RM32mil construction job
Infoline unit to buy RM19mil factories
LSH Capital wins Kuantan road contract
Eckem taps M&A Securities for IPO on Bursa
Wall St set for higher open as US-Iran ceasefire lifts sentiment
Golden Destinations’ IPO oversubscribed by 2.10 times
EPB proposes Main Market transfer

Others Also Read