Monetary policy to be kept neutral
China’s central bank has said that the country’s prudent monetary policy will be kept neutral and be neither too tight nor too loose.
Focusing on the tasks of serving the real economy, containing financing risks and deepening financial reform, the People’s Bank of China will find new ways of financial regulation, and maintain policy continuity and stability, according to a second-quarter report released by the PBOC.
The central bank will make policies more forward-looking, flexible and effective, maintain proper control over the floodgate of money supply and keep liquidity at a reasonable and abundant level, the report said.
“Policies will be preset or fine-tuned based on changing situations, and attention will be paid to stabilize and guide expectations,” the report added.
The PBOC will also optimize the financing and credit structures, improve the transmission mechanism of monetary and credit policies, and raise the capacity and willingness of financial institutions to serve the real economy to create a moderate financial environment for supply-side structural reform and high-quality development.
“It will deepen market-oriented reform for interest rates and exchange rates, actively open up the financial sector in an orderly manner and raise the sector’s vigor and resilience,” the report read.
The central bank will also stand firm on structural deleveraging, intensify efforts in the tough battle against financial risks, and forestall systemic financial risks, the report said.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.