China maintains stable liquidity as reform moves forward

Ads

China will maintain a monetary policy that is “neither too tight or too loose”, ensuring basically stable liquidity, a senior central banker told a financial conference in Beijing on Saturday.

Chen Yulu, deputy governor at the People’s Bank of China (PBOC), also said that economic structural reform would play an increasingly important role in the government’s policy toolkit, according to domestic media reports of his comments.

Image result for Chen Yulu, deputy governor at the People's Bank of China (PBOC)

Chen Yulu, deputy governor at the People’s Bank of China (PBOC)

Chen’s remarks echo statements made by the central bank and its advisers in recent months. In its first-quarter monetary policy implementation report released in May, the PBOC said it would maintain a prudent and neutral monetary policy and keep liquidity basically stable.

PBOC adviser Sheng Songcheng was also quoted by a local financial magazine last month saying the central bank would not excessively adjust monetary policy..

Chen said the central bank would continue to manage aggregate demand as part of the country’s ongoing supply-side reform.

He also warned companies about stepping blindly into financial activities and sticking to their core businesses.


Courtesy Reuters

Leave a Comment

Get Copy

Ads

Popular post

[bsa_pro_ad_space id="2"]

China maintains stable liquidity as reform moves forward

Ads

China will maintain a monetary policy that is “neither too tight or too loose”, ensuring basically stable liquidity, a senior central banker told a financial conference in Beijing on Saturday.

Chen Yulu, deputy governor at the People’s Bank of China (PBOC), also said that economic structural reform would play an increasingly important role in the government’s policy toolkit, according to domestic media reports of his comments.

Image result for Chen Yulu, deputy governor at the People's Bank of China (PBOC)

Chen Yulu, deputy governor at the People’s Bank of China (PBOC)

Chen’s remarks echo statements made by the central bank and its advisers in recent months. In its first-quarter monetary policy implementation report released in May, the PBOC said it would maintain a prudent and neutral monetary policy and keep liquidity basically stable.

PBOC adviser Sheng Songcheng was also quoted by a local financial magazine last month saying the central bank would not excessively adjust monetary policy..

Chen said the central bank would continue to manage aggregate demand as part of the country’s ongoing supply-side reform.

He also warned companies about stepping blindly into financial activities and sticking to their core businesses.


Courtesy Reuters

Ads

Leave a Comment

[bsa_pro_ad_space id="2"]