People’s Bank of China Deputy Governor Liu:
- Needs time for China’s economy to return to normal after pandemic
- China has not seen
deflation, no deflationary risks in H2 - CPI could go lower
in July, rebound in August - Bank has ample
policy tools, will step up counter-cyclical adjustments - Will keep credit growth appropriate, will step up support for key sectors
- PBOC will deepen interest rate reforms
- Will guide banks to increase lending to small firms, to private firms
This article was written by Eamonn Sheridan at www.forexlive.com. Source