Chinese central bank maintain its accurate and strong monetary policy to support economic recovery

China's central bank said it will keep liquidity reasonably ample and maintain careful and robust policy to support the country's economic recovery,The People's Bank of China (PBOC) unexpectedly cut key interest rates for the second time in three months on Tuesday in a bid to support the economic recovery.

The bank said in its monetary policy implementation report for the second quarter that the People's Bank of China (PBOC) "will make better use of the dual functions of macro and structural monetary policy tools and vigorously support the recovery and development of the real economy."

The central bank added that it will pay close attention to risks in key areas and coordinate financial support to solve domestic debt risks.

Sponsored by Trade View