PBOC Panel Says Emerging-Market Economies Have Shown ImprovementBloomberg News
China’s central bank said some emerging-market economies have shown improvement, while reiterating that it will maintain a prudent monetary policy and keep the yuan stable.
The People’s Bank of China dropped language from the last quarterly statement that warned of market volatility spurred by the U.K.’s decision to leave the European Union, according to a statement released late Friday after a monetary policy committee meeting of the advisory panel led by PBOC Governor Zhou Xiaochuan.
The central bank, which has kept its main interest rate at a record low for almost a year, also reiterated that China will maintain appropriate liquidity, improve risk management and further promote interest rate liberalization and yuan rate reform.
— With assistance by Yinan Zhao, and Penny Peng
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