Mumbai, Feb. 14 -- The People's Bank of China (PBoC) outlined its intention to adapt monetary policies to bolster the economy amidst mounting external pressures and weak domestic demand. Highlighting the use of tools like interest rates and the reserve requirement ratio, the PBoC emphasized flexibility in the scale and timing of actions to suit economic conditions. The central bank also reiterated its focus on ensuring ample liquidity, stabilizing the yuan, and supporting moderate price rebounds to maintain economic stability.
Published by HT Digital Content Services with permission from Capital Market....