PBOC official says will use monetary policy tools flexibly for reasonably ample funds

<p>PBOC official:</p><ul><li>
RRR cuts, open market operation, MLF, and all structural monetary
policy tools needs to be used flexibly to maintain liquidity in
banking system reasonably ample</li><li><p>
Will guide banks to effectively adjust mortgage interest rates and
support banks to reasonably control cost of liabilities</p></li><li><p>NDRC will strengthen policy reserve to unleash huge market potential </p></li></ul><p>

This is the from the new conference for this:</p><ul><li><a href="https://www.forexlive.com/centralbank/the-peoples-bank-of-china-and-chinas-state-planner-will-meet-today-friday-4-august-2023-20230804/" target="_blank" rel="follow" data-article-link="true">The People's Bank of China and China's State Planner will meet today, Friday 4 August 2023</a></li></ul><p>NDRC, finance ministry MOF, central bank PBOC, and taxation administration joint news conference. The subject matter is to promote high-quality economic development with combination of macro policies</p>

This article was written by Eamonn Sheridan at www.forexlive.com.