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China’s central bank expected to use ‘variety of tools’ to ensure ample liquidity and reasonable economic growth

Summary:
[unable to retrieve full-text content]China’s central bank could become more accommodative towards supporting the country’s growth, after new data showed that mortgage lending and the level of local government bonds issued rose last month.Commercial banks extended 826.2 billion yuan (US9.3 billion) worth of new loans in October, an increase of 136.4 billion yuan (US.34 billion) from a year earlier, according to new data released by the People’s Bank of China (PBOC) on Wednesday.Aggregate financing, an indicator that measures…

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[unable to retrieve full-text content]
China’s central bank could become more accommodative towards supporting the country’s growth, after new data showed that mortgage lending and the level of local government bonds issued rose last month.Commercial banks extended 826.2 billion yuan (US$129.3 billion) worth of new loans in October, an increase of 136.4 billion yuan (US$21.34 billion) from a year earlier, according to new data released by the People’s Bank of China (PBOC) on Wednesday.Aggregate financing, an indicator that measures…

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