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PBoC: Economy is under increasing downward pressure

Below are some key takeaways from the People’s Bank of China’s recently published third-quarter monetary policy implementation report, as reported by Reuters.

  • Economy is under increasing downward pressure.
  • Will carry out prudent, neutral monetary policy.
  • Wikk deepen interest rate reforms.
  • Yuan has been basically stable.
  • Will make policies more flexible, more targeted.
  • Will encourage financial institutions to support small private enterprises.

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