The People's Bank of China will provide guidance to the country's financial institutions to boost their credit supply and ensure sufficient liquidity in the financial system, Xinhua News Agency reported Friday.
During its first quarter meeting, the central bank said it also seeks to ensure alignment of social financing and money supply growth with economic and general price goals, Xinhua said.
The central bank also reiterated it will slash the reserve requirement ratio and interest rates when necessary, the report said.
PBOC also discussed ways to boost relending policies in line with technological innovation and industry upgrades, Xinhua reported.
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