(Dec 25): China’s central bank pledged greater support for the real economy, and said it will make monetary policy more forward-looking and targeted. There will be more “proactive” use of monetary policy tools, the People’s Bank of China (PBOC) said in a statement on Saturday (Dec 25). The monetary policy committee held a meeting on Friday that was chaired by governor Yi Gang, it said. The central bank also reiterated its aim to promote the property sector’s “healthy” growth and protect homebuyers’ rights, as well as work to better meet housing demand. Authorities have also signalled more fiscal support in early 2022 to drive investment and infrastructure building.
