PBOC stays loose
Source: Xinhua |
November 3, 2010, Wednesday
|
Print Edition
Print Edition
THE People's Bank of China yesterday said it would continue the moderately loose monetary policy and make it better-targeted and more flexible for the rest of this year.
The announcement in the PBOC's quarterly report posted on its website said the central bank would gradually normalize the monetary policy from its counter-crisis mode and tighten control over liquidity to maintain moderate credit growth for the rest of this year. The PBOC said it would gradually implement market-orientated reform of interest rates and keep the yuan exchange rate stable.
It also said uncertainties about price trends were increasing and capital inflows would rise as developed economies recovered from the financial crisis.
The announcement in the PBOC's quarterly report posted on its website said the central bank would gradually normalize the monetary policy from its counter-crisis mode and tighten control over liquidity to maintain moderate credit growth for the rest of this year. The PBOC said it would gradually implement market-orientated reform of interest rates and keep the yuan exchange rate stable.
It also said uncertainties about price trends were increasing and capital inflows would rise as developed economies recovered from the financial crisis.
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