China central bank to keep prudent monetary policy in second half
Updated: 2016-08-04 14:21
(Xinhua)
|
|||||||||
The headquarters of the People's Bank of China in Beijing. [Photo by Shi Yan/China Daily] |
BEIJING - China's central bank said on Wednesday that it will continue its prudent monetary policy in H2.
The People's Bank of China (PBOC) will maintain an appropriate degree of flexibility and make timely pre-emptive adjustments.
The central bank will use various policy tools to maintain appropriate liquidity and reasonable growth in credit and social financing; improve financing and credit structures; and reduce social financing costs.
The bank reaffirmed that it would keep the yuan exchange rate basically stable at a "reasonable and balanced" level while improving the exchange rate formation mechanism.
The bank will assist precision poverty relief, continue financial system reform and market-oriented reform on interest rates.
Related Stories
PBOC urges better financial support to flood-hit areas 2016-07-23 09:55
PBOC policies may stave off depreciation 2016-07-21 08:24
Retrospect of Chinese Monetary Policy Performance in 2015 and Prospect of 2016(No.51, 2016) 2016-06-06 10:49
'Prudent' monetary policy is goal of China's central bank 2016-06-05 14:06
Today's Top News
Ukraine's Savchenko on hunger strike
Chinese tourists robbed in France
5 feared dead as Russian helicopter shot down
China influence can soften blow of Brexit
Turkey summons German diplomat over Cologne rally
Khan parents chide Trump for lack of empathy
Lunar probe confirms no water on the moon
'China's Challenges' wins historic Emmy Award
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Hollywood snaps up rock star's dog film |
Chinese people welcome dispossessed |
The can-do generation to the fore |
Riding the wave |
Leisure giants buoy cruise market |
She followed her heart |