PBOC: China to keep prudent monetary policy

(From Reuters)

China’s central bank reiterated on Friday that it will maintain a prudent monetary policy and take measures to ward off systemic financial risks.

The People’s Bank of China (PBOC) said in its first-quarter monetary policy implementation report that downward pressure still existed on China’s economy and it would create an appropriate monetary and financial environment for structural reforms.



Categories: Asia Unhedged, China

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