PBoC vows not to flood economy with liquidity

The People’s Bank of China, Beijing
The People’s Bank of China, Beijing

China’s central bank says it will not flood the economy with massive amounts of liquidity, as the world’s second-largest economy treads carefully to keep inflation in check while trying to boost growth.

“In the next stage, [the PBoC] will maintain stable monetary policy, and continue to avoid ‘pumping a large amount of liquidity’ or printing excessive money,” the central bank says in its second-quarter monetary policy report on August 10. It adds that it will keep the balance between

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