-
PBOC to keep liquidity ample amid coronavirus outbreak
China's central bank said it will use various monetary policy tools to ensure that liquidity remains reasonably ample amid the coronavirus outbreak. The People's Bank of China (PBOC) said it will appropriately lower lending rates to support firms affected by the virus outbreak. It emphasized that banks should not withdraw loans from companies affected by the outbreak, especially smaller firms, or deliberately withhold loans to sectors most affected by the outbreak such as retail, catering, logistics, and tourism. The bank said it will facilitate companies' use of foreign exchange to ensure smooth imports of goods ... (full story)