Suara Malaysia
ADVERTISEMENTFly London from Kuala LumpurFly London from Kuala Lumpur
Tuesday, November 5, 2024
More
    ADVERTISEMENTFly London from Kuala LumpurFly London from Kuala Lumpur
    HomeBusinessChina c.bank says RRR cuts, other policy tools need to be used...

    China c.bank says RRR cuts, other policy tools need to be used flexibly

    -

    Fly AirAsia from Kuala Lumpur

    BEIJING: Reserve requirement ratio (RRR) cuts, open market operation and all structural monetary policy tools need to be used flexibly to ensure reasonably ample liquidity in the banking system, an official with China’s central bank said on Friday.

    The central bank will guide banks to effectively adjust interest rates on outstanding mortgages and support banks to reasonably control cost of liabilities, Zou Lan, head of the monetary policy department at the People’s Bank of China (PBOC), told a press conference in Beijing.

    The PBOC will strengthen counter-cyclical conditions and policy reserves and ramp up macro adjustments, according to Zou. – Reuters


    Credit: The Star : Business Feed

    Wan
    Wan
    Dedicated wordsmith and passionate storyteller, on a mission to captivate minds and ignite imaginations.

    Related articles

    ADVERTISEMENTFly London from Kuala Lumpur

    Subscribe to Newsletter

    To be updated with all the latest news, offers and special announcements.

    Latest posts