The PBOC said on Sunday, on a statement on its website that it will “use a mix of price and quantitative policy tools to adjust liquidity in the banking system and guide steady and appropriate growth in money, credit and social financing”.
Also:
- “Overall, liquidity in the banking system remains ample,”
- “The slower M2 growth in June was in line with the expected outcome of macro-economic adjustments and prudent monetary policy and was closer to the full-year target of 13 percent.”
The statements come after social-financing data was released: China social financing for June fell to 1.04tr yuan (from 1.19tr in May)