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PBOC: Sticking to targeted measures for growth

Updated: Aug 23,2014 6:15 PM

Regional governors of China’s central bank has met to discuss the outlook for the country’s monetary policy in the second half of the year.

The People’s Bank of China says it will stick to targeted policy measures and fine tune these measures when necessary. Central bank officials pointed out the need for more support in the agriculture industry, cutting financing costs and maintaining accommodative policies for small businesses. Reforming the exchange rate, finalizing a deposit insurance scheme and maintaining steady open market operations were all discussed as well.