Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Beijing, September 22 (Xinhua) — China's monetary policy is currently accommodative and focused on domestic priorities while maintaining internal and external balance, Pan Gongsheng, governor of the People's Bank of China (PBOC, the central bank), said on Monday.
Responding to a question at a press conference about the latest interest rate cut by the US Federal Reserve, Pan Gongsheng said that China's major financial markets, including stocks, bonds and currencies, remain stable.
In accordance with macroeconomic indicators and changes in the overall situation, the PBOC will use various monetary policy tools to ensure sufficient liquidity, reduce overall financing costs, further stimulate consumption and expand effective investment, consolidate and strengthen the momentum of economic recovery, maintain the stable operation of financial markets, and maintain the basic stability of the renminbi exchange rate at a reasonable and balanced level, the central bank governor promised.
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