Central bank to keep monetary policy stable
Updated: 2012-12-28 09:19
(Xinhua)
|
|||||||||||
BEIJING -- China's central bank said Thursday it will continue to implement a prudent monetary policy next year and pay close attention to potential financial risks.
The People's Bank of China said in a statement that it will keep policies stable and make monetary policies more forward-looking, targeted and flexible.
The central bank will fulfill its obligation to safeguard financial stability and strive to prevent systemic and regional financial risks, the statement said.
Earlier this year, the PBOC lowered benchmark interest rates twice, as well as cut commercial banks' reserve requirement ratio, or the amount banks must put aside as reserves, to bolster the slowing economy.
The government has vowed to maintain a proactive fiscal policy and prudent monetary policy in 2013, as the global economy is expected to maintain slow growth, according to a central economic work conference held earlier this month.
More on China's monetary policy
China to maintain prudent monetary policy in 2013
Monetary policy drives up prices
Related Stories
China's reform targets policy mismatch 2012-12-21 09:21
Home prices depend on monetary, urbanization policies 2012-12-17 16:34
China targets quality, efficient growth in 2013 2012-12-17 10:03
Govt may keep 7.5% GDP growth target: Barclays 2012-12-10 17:15
China's social financing stable, new lending drops 2012-11-13 14:09
Today's Top News
President Xi confident in recovery from quake
H7N9 update: 104 cases, 21 deaths
Telecom workers restore links
Coal mine blast kills 18 in Jilin
Intl scholarship puts China on the map
More bird flu patients discharged
Gold loses sheen, but still a safe bet
US 'turns blind eye to human rights'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
All-out efforts to save lives |
Liaoning: China's oceangoing giant |
Poultry industry under pressure |
'Spring' in the air for NGOs? |
Boy set to drive Chinese golf |
Latest technology gets people talking |