China’s central bank is going to support the lending to commercial banks during the year

Almaty. January 11. Silkroadnews - The People’s Bank of China issued the official statement, saying this year the bank shall further proceed with the rational monetary policy to build the stable financial environment and maintain the reasonable liquidity, China.org.cn informs.
“A set of flexible tools shall be applied to achieve such objectives. In particular, the People’s Bank of China will support the expansion of lending to commercial banks in the key sectors and weak areas of the economy due to additional loans and services to medium-term lending”, the document notes.
PBC will seek to further optimize the structure of loans for the financial sector to support the real economy growth. There will also be a continued focus on the market on determining the interest rates and further improvement on RMB exchange rate mechanism.