August 2, 2019 / 1:07 PM / 2 months ago

China central bank will maintain prudent monetary policy in H2

Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo

HONG KONG (Reuters) - China’s central bank said on Friday it will maintain prudent monetary policy in the second half of this year and strengthen countercyclical adjustments to keep liquidity ample.

It will also fine-tune its policy at appropriate time and comprehensively use multiple monetary tools as a prudent monetary policy should neither be too tight nor too loose, the People’s Bank of China (PBOC) said in a statement on its website.

Reporting by Hong Kong newsroom; Editing by Alison Williams

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