China’s Central Bank Committee Urges Coordinated Policy Measures
The committee called for flexible, targeted implementation and ample liquidity as it reviewed the main approach for the next stage of monetary policy.
China’s Monetary Policy Committee recommended coordinating new and existing policy measures as it reviewed China’s main monetary-policy approach for the next stage at a Sept. 19 meeting.
The committee called for policy to remain forward-looking, flexible and targeted. It said implementation should be adjusted according to domestic and global economic and financial conditions, along with developments in financial markets.
The committee also recommended using and adjusting monetary-policy tools when appropriate to keep liquidity ample. Growth in aggregate social financing and the money supply should align with economic growth and expected targets for the overall price level.
The meeting also called for reform and improvement of China’s monetary-policy operating framework.
