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Chinese central bank pledges to keep prudent monetary policy

Xinhua, May 6, 2016 Adjust font size:

China will maintain a prudent monetary policy, and be flexible to ward off systemic financial risk, the country's central bank reiterated on Friday.

Downward pressure still exists in Chinese economy on the backdrop of ongoing structural reform, the People's Bank of China (PBOC) said in its Q1 monetary policy implementation report.

The report said PBOC policy had helped keep liquidity at a reasonable level and interest rates stable.

Global growth is still weak and there are many uncertainties ahead, the central bank warned. Endi