FXStreet reports that China’s Xinhua News Agency came out with the news quoting statements from the People’s Bank of China (PBOC) as it unveiled details of quarterly monetary policy committee held Friday.

“China will implement a prudent monetary policy that is flexible, precise, reasonable and moderate, and keep it consistent, stable and sustainable,” said the PBOC, per the news.

The PBOC also vowed further monetary support for the real economy, stressing more financial aid for small and micro firms as well as those involved in technological innovation and green development