China’s central bank to step up efforts to support economic recovery

China’s central bank to step up efforts to support economic recovery By Reuters

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Economy 12 minutes ago (Sep 29, 2022 04:06AM ET)

(C) Reuters. FILE PHOTO: People wearing face masks walk past the headquarters of Chinese central bank People’s Bank of China (PBOC), April 4, 2020. REUTERS/Tingshu Wang/

BEIJING (Reuters) – China’s central bank said on Thursday it will step up efforts to consolidate economic recovery, which still faces some downward pressures.

China’s economy continues to recover, but it faces pressures from shrinking demand, supply shocks and weakening expectations, the People’s Bank of China said in a statement after a quarterly meeting of its monetary policy committee.

The central bank pledged to strengthen the implementation of its prudent monetary policy and keep liquidity reasonably ample.

China’s central bank to step up efforts to support economic recovery

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