China central bank says to support liquidity, credit growth

[BEIJING] China's central bank said on Tuesday that it will use various policy tools flexibly to help maintain appropriate liquidity and achieve reasonable credit growth.

The People's Bank of China aims to lower borrowing costs for firms and support key areas and vulnerable sectors, it said in a statement on its website, after a meeting of its branch heads.

The central bank also reiterated that it will keep the yuan "basically stable" as it seeks to further improve the exchange rate regime.

REUTERS