View Details << Back    

China’s central bank says to maintain neutral policy, stable yuan

  
  
Share
  The People's Bank of China will fend off systemic risks and use multiple monetary policy tools to ensure financial stability in the world's second largest economy, it said in its first-quarter monetary policy implementation report. China’s central bank will maintain its neutral monetary policy and keep liquidity and credit growth largely steady while keeping the yuan currency basically stable, it said on Friday. The central bank’s surprising cut in reserve requirement ratios (RRR) on April 17 and growing fears of a trade war with the United States have fanned market expectations of looser policy to support the economy. The People’s Bank of China will fend off systemic risks and use multiple monetary policy tools to ensure financial stability in the world’s second largest economy, it said in its first-quarter monetary policy implementation report. The central bank will strike a balance between stabilising economic growth, pushing structural changes and preventing risks, it said.
  ENTERTAINMENT


  LATEST UPDATES











  Advertisements


© All rights Reserved. The south Asian, Published Weekly from New york.