China’s Central Bank plans to maintain a “prudent” monetary policy in H2 2016

Almaty. August 4. Silkroadnews – According to the official website of China’s Central Bank, a prudent monetary policy shall be continued for the second half of 2016, with maintaining an appropriate degree of flexibility and timely pre-emptive adjustments.

“In the second half of the year it is planned to use a complex multi-currency monetary policy instruments, support appropriate liquidity level and reasonable growth in credit and social financing”, the Chinese media report with reference to the Central Bank.

The Bank also reported to improve financing and credit structures and reduce social financing costs, as well as proceed further with market-oriented reform on interest rates.