PBoC to increase ‘intensity’ of policy adjustments

The People’s Bank of China has said it will adjust the intensity of its monetary policy in response to domestic and international economic challenges.

After holding its quarterly monetary policy meeting on June 23, the PBoC on June 27 said China’s economy continued to face weak demand, low prices and other “hidden challenges”. The central bank also expressed concern about an “increasingly complex and challenging” external environment, trade barriers and weak economic growth globally.

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