Printer Friendly

China central bank vows continuity, stability in monetary policy.

TOKYO, Aug 7 (KUNA) -- The People's Bank of China, the central bank, said on Friday that it would maintain continuity and stability in its monetary policy, according to state-run Xinhua News Agency. "In the next stage, the bank will continue with a prudent monetary policy and fine tune it in light of changes to create a financial environment conducive to the structural adjustment and upgrading of the Chinese economy," the central bank said in its monetary policy report for the second quarter. It will employ multiple monetary policy tools to maintain "moderate" liquidity and try to lower financing costs so that the real economy can benefit from financial services. The central bank vowed to maintain financial stability and avoid systemic and regional financial risks. Effort will be made to improve the Chinese yuan (renminbi) exchange rate market formation mechanism and make the exchange rate regime more flexible in its two-way movement, it added. The world's No. 2 economy grew 7.0 percent year-on-year in the second quarter, unchanged from the previous three months. (end) mk.ajs

All KUNA right are reserved [c] 2015. Provided by SyndiGate Media Inc. ( Syndigate.info ).

COPYRIGHT 2015 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2015 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Kuwait News Agency (KUNA)
Date:Aug 7, 2015
Words:190
Previous Article:Kuwait's Zain among six companies accepted in Lebanon's mobile tender - minister.
Next Article:Regime's airstrikes kill 14 in Syria's Idlib - report.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters