Economics
China to Keep Prudent, Neutral Monetary Policy, PBOC Says
- Central bank’s exchange rate, market expectations are stable
- ‘More severe’ global challenges seen at PBOC quarterly meeting
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China will maintain a prudent and neutral monetary policy while also assuring reasonable and ample liquidity, the People’s Bank of China said in a statement on Saturday.
China’s overall exchange rate and market expectations are stable, the PBOC said at its third-quarter meeting. The central bank will manage the “floodgates” of monetary supply to maintain reasonable and ample liquidity, it said.