China will remain a prudential and neutral monetary policy

17.11.2017 / 19:17

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China’s central bank said that it will keep its “prudent and neutral” monetary policy, “closely” monitor liquidity and expectations, and deepen reforms in the interest-rates and currency market.

The People’s Bank of China aims to create an “optimal” environment to help stabilize the economic growth, while facilitating deleveraging, curbing bubbles and preventing risks, according to a quarterly monetary policy implementation report released late Friday in Beijing. The document is mainly a review of monetary policy conducted in the third quarter.

The authorities are working on a delicate balancing act of stabilizing growth, stepping up efforts in curbing excessive financial leverage and deepening economic reforms. Separately Friday, the PBOC and other regulators published sweeping draft rules for asset-management products, the latest official step to curb risks in the financial system.

“Overall, the prudent and neutral monetary policy has achieved relatively positive results,” the PBOC said in the statement. “We shall strike a balance between keeping liquidity basically stable and reducing the leverage.”

Source: Bloomberg Pro Terminal

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Bloomberg: China Will Keep ‘Prudent And Neutral’ Monetary Policy, PBOC Says

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China will remain a prudential and neutral monetary policy

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