PBOC Should Increase Monetary Policy Intensity In 2023

The intensity of monetary policy next year should be no less than this year’s, with sufficient liquidity to meet the needs of the real economy and maintain stable prices for funds, the Securities Times reported citing Liu Guoqiang, deputy governor of the People’s Bank of China. If necessary, the central government could increase monetary policy support in a timely manner, unless economic growth and inflation exceed expectations, Liu was cited as saying. Financial support to the real estate sector should be increased, as it is urgent to stop falling prices in this pillar industry, Liu added.