PBOC to ensure liquidity trough economic support – Gov
China’s foreign exchange regulator reaffirmed the nation’s central bank is aiming to ensure liquidity trough supporting the economy amid the COVID-19 pandemic.
China’s State Administration of Foreign Exchange (SAFE) shared a statement by Governor of the People’s Bank of China (PBOC), Yi Gang, in which he revealed the PBOC plans to maintains liquidity at a “reasonably” ample level, also noting the government is willing to offer targeted support to companies hit by the outbreak.
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