China's central bank has pledged to adjust its monetary policy tools in a timely manner. This was reported by Qazaqyia.kz citing Reuters.
The People's Bank of China (PBOC) said it is ready to use policy tools flexibly depending on economic conditions. This move is aimed at supporting the country's economic growth.
The central bank's statement is significant amid economic uncertainty. Experts say the decision will have a positive impact on the market.