Off the wire
• Chinese premier back in Beijing after Indonesia, Japan tour  • Xi stresses coordinated efforts in central, local institutional reform  • Weather forecast for major Chinese cities, regions -- May 9  • Maintaining healthy, stable development of Sino-US trade ties in global interest: FM spokesperson  • Prime Minister Keith Rowley of Trinidad and Tobago to visit China next week  • China calls for joint efforts to promote healthy Sino-U.S. trade ties  • DPP administration bears full responsibility for Taiwan not being invited to WHA: FM spokesperson  • China expects positive outcomes at DPRK-U.S. summit  • Peony exports of China's "city of peonies" hit 2.7 mln USD in 2017  • Legendary Chinese art connoisseur celebrated in Beijing  
You are here: 　

PBOC to continue implementing prudent, neutral monetary policy

Xinhua,May 12, 2018 Adjust font size:

BEIJING, May 11 (Xinhua) -- 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. Enditem

 

Related News & Photos