LINE

Text:AAAPrint
Economy

PBOC to continue implementing prudent, neutral monetary policy

1
2018-05-12 02:10Xinhua Editor: Wang Fan ECNS App Download

China's central bank said Friday that it will properly implement the prudent and neutral monetary policy to create a moderate financial environment for supply-side structural reform and high-quality development.

The People's Bank of China (PBOC) will find new ways for financial regulation, maintain policy continuity and stability, attach importance to guiding expectations, and keep liquidity at a reasonable level, according to the quarterly report released by the PBOC.

The PBOC will also push forward market-oriented reform for interest rates and exchange rates, improve its ability of regulating interest rates, make exchange rates more market-based, and keep the yuan's exchange rates generally stable at a reasonable level around the equilibrium.

Efforts will also be made on financial reform and opening up, develop inclusive finance, and allow finance to play a larger role in serving the real economy, supporting innovation and nurturing new sources of growth, the report said.

The PBOC will also enhance financial supervision and coordination in the campaign against major financial risks to forestall systemic financial risks, according to the report.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.