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Investing.com -- The central bank of China, the People’s Bank of China, announced on Thursday its intention to modify its monetary policy at the right time to bolster the economy, which is currently facing escalating external challenges.
The bank acknowledged the growing adverse impacts caused by shifts in the global environment in its fourth-quarter monetary policy implementation report.
The report highlighted the persistence of domestic demand insufficiency and the presence of numerous potential risks.
In response to these challenges, the central bank plans to employ a comprehensive array of monetary policy tools. These include interest rates and the bank reserve requirement ratio, which will be adjusted based on the domestic and international economic and financial conditions.
The bank also stated its commitment to maintaining ample liquidity, fostering a reasonable rebound in prices, and keeping the yuan exchange rate essentially stable at a level it deems "reasonable and balanced."
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