PBoC: Economy is under increasing downward pressure

Below are some key takeaways from the People's Bank of China's recently published third-quarter monetary policy implementation report, as reported by Reuters.

• Economy is under increasing downward pressure.
• Will carry out prudent, neutral monetary policy.
• Wikk deepen interest rate reforms.
• Yuan has been basically stable.
• Will make policies more flexible, more targeted.
• Will encourage financial institutions to support small private enterprises.