People's Bank of China Deputy Governor says Bank has ample policy tools

<p>People's Bank of China Deputy Governor Liu:</p><ul><li>
Needs time for China's economy to return to normal after pandemic</li><li>China has not seen
deflation, no deflationary risks in H2</li><li>CPI could go lower
in July, rebound in August</li><li>Bank has ample
policy tools, will step up counter-cyclical adjustments</li><li>Will keep credit growth appropriate, will step up support for key sectors</li><li>PBOC will deepen interest rate reforms</li><li>Will guide banks to increase lending to small firms, to private firms</li></ul>

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