Will make monetary policy more flexible, targeted

The People’s Bank of China (PBOC) said in a statement on Monday, it “will make monetary policy more flexible and targeted,” while keeping liquidity reasonably ample.

Further points

“Will guide comprehensive financing costs significantly lower.”

“Will keep yuan exchange rate basically stable.”

“Will maintain a long-term balance between economic growth and risk control.”

Related reads

USD/CNH: Rebound could re-visit 6.8600 – UOB

PBOC unlikely to cut RRRs in Q4 – China Press