The People's Bank of China (PBOC) is likely to maintain a stable monetary policy and make it more forward-looking and effective while avoiding a "flood-like" stimulus, Xinhua News Agency reports, citing a quarterly report by the Chinese central bank on monetary policy implementation. 'The bank will coordinate macroeconomic policies for 2021 and 2022, boost high-quality development with moderate monetary growth, and support the continued recovery of small and medium-sized firms as well as industries in difficulties.

https://www.fxstreet.com/news/pboc-to-keep-monetary-policy-stable-xinhua-202108100323

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