Economics
China's Central Bank Says It Seeks Yuan Stability Amid Reforms
- Policy makers will strengthen and improve risk management
- Bank to keep policy prudent and maintain moderate liquidity
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China’s central bank reiterated that it will aim for stability in the yuan as it seeks to promote exchange-rate reform and maintain prudent monetary policy.
Policy makers also said they would "earnestly strengthen and improve risk management" to ensure financial stability and prevent market risks, the People’s Bank of China said in a statement after its routine quarterly monetary policy committee meeting. Monetary officials said they will keep moderate liquidity in the financial system, according to the panel’s fourth-quarter statement.