© Reuters. FILE PHOTO: Paramilitary police officers stand guard in front of the headquarters of the People’s Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo/File Photo
BEIJING (Reuters) – China’s central bank on Thursday said it would keep policy flexible and precise to boost domestic demand, while maintaining price stability, amid signs of a patchy economic recovery and rising deflationary risks.
In its quarterly policy implementation report, the People’s Bank of China said the authorities face some difficulties and challenges in promoting an economic recovery amid global uncertainties.
“Prudent monetary policy should be flexible, moderate, precise and effective… and keep the scale of social financing and the money supply in line with the expected goals of economic growth and price levels,” the bank said.
The central bank will “strengthen policy coordination and…
