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- China will keep liquidity ample, support recovery without excessive stimulus - central banker
China will keep liquidity ample, support recovery without excessive stimulus - central banker
Reuters reports that a central banker wrote in article that the People's Bank of China (PBOC) will keep liquidity reasonably ample, and support for an economic recovery in 2021 will be maintained, without resorting to a flood-like stimulus.
Interest rates would be held at an appropriate level, while liquidity would be managed using tools like the reserve requirement ratio (RRR), re-lending, the medium-term lending facility, and open market operations, according to Sun Guofeng, the head of the monetary policy department.
"In 2021, the situation at home and abroad is still very complex, and monetary policy is facing many challenges," Sun wrote in China Finance, a magazine run by the PBOC.
Policy would remain flexible, adjusting intensity, pace and focus according to the economy's needs, Sun said.
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