Arab Today, arab today pboc to maintain moderate liquidity
Last Updated : GMT 21:26:48
Arab Today, arab today
Arab Today, arab today

PBOC to maintain moderate liquidity

Arab Today, arab today

Arab Today, arab today PBOC to maintain moderate liquidity

Beijing - XINHUA

China will continue its prudent monetary policy and maintain "moderate" liquidity so as to achieve reasonable growth in loans and social financing, the central bank said on Thursday. The People's Bank of China (PBOC) will closely watch new developments in the domestic and international economy and finance, and changes in international capital flows, the central bank's monetary policy committee concluded in its quarterly meeting. The meeting called for improvements to the structure of financing and credit, deepened financial system reform, and a raising of the financial sector's capability to facilitate the real economy, according to the central bank. The monetary policy committee also urged authorities to "further push forward market-oriented interest rate reform, and the renminbi's exchange rate formation reform to keep the exchange rate of the currency fundamentally stable at a reasonable and equilibrium level." The committee holds that China's economy remains in the "proper range," but it is still faced with complicated situations with favorable and unfavorable factors co-existing.

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