PBOC policy seen staying accommodative

China's monetary policy is expected to stay accommodative to boost consumer spending as inflationary pressures remain muted, experts said on Monday.

They underlined the need for the People's Bank of China, the country's central bank, to ensure ample market liquidity and reduce the financial burdens facing homebuyers to boost their spending power.

The comments came as the market is closely watching the medium-term lending facility operation of the PBOC, scheduled to be delivered on Wednesday.

China lowers economic growth goal

How much growth is China aiming for?

China will aim for growth of "around 5.5%" this year, Premier Li Keqiang said in a report to the country's legislature.

"Achieving this goal will require arduous efforts," Li said in the report.

Last year, China aimed for economic growth of 8.1%.

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