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China’s Central Bank Says Policy Will be Responsive to Changes

  • The PBOC said it will adjust monetary policy as needed
  • China’s prudent policy helped stabilizing the yuan, it said
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China’s central bank pledged to keep its monetary policy flexible and responsive to changing economic conditions, with an overriding objective of achieving stability. 

The People’s Bank of China will adjust the strength, pace and focus of its monetary policy as needed, the central bank said Monday in a post on its official Wechat account. The statement was the first in a series planned in relation to the annual National People’s Congress meetings, which begin on March 5.