China central bank says it will step up policy implementation, keep liquidity ample

BEIJING – China’s central bank said on Wednesday it will step up the implementation of its prudent monetary policy and keep liquidity reasonably ample.

The People’s Bank of China said it will strive to achieve best possible results in economic operations, while balancing economic growth and price stability, in its quarterly policy implementation report.

The central bank said it will also closely monitor domestic and external inflation changes, and that it expects domestic consumer inflation to exceed 3% in some months in the second half of 2022.

(Reporting by Ellen Zhang, Kevin Yao and Beijing newsroom)