BEIJING (Reuters) -China’s central bank said on Tuesday it would maintain “relatively loose” social financing conditions and strengthen the implementation and transmission of monetary policy, as the economy still faces risks and challenges.
The People’s Bank of China will keep liquidity ample, maintain prices at reasonable levels and lower the costs of banks’ liability and social financing, it said in its third-quarter monetary policy implementation report.
(Reporting by Beijing Newsroom; Editing by Andrew Heavens)