China lists epidemic control as monetary policy priority

The control of the novel coronavirus epidemic is atop the agenda of the People's Bank of China (PBOC), which has pledged more credit support to contain the epidemic, the central bank said Wednesday.

The bank will help companies tide over the difficult period by lowering lending rates, increasing credit support and providing more medium- to long-term loans, the PBOC said in its quarterly report on monetary policy implementation.

National and local banks should take full advantage of the liquidity released through the central bank re-lending program to provide targeted credit support for companies that directly participate in epidemic control, the report said.

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China lists epidemic control as monetary policy priority