China central bank says economy showed positive changes in first quarter; reaffirms prudent policy

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© Reuters. Headquarters of the PBOC, the central bank, is pictured in Beijing© Reuters. Headquarters of the , the central bank, is pictured in

BEIJING (Reuters) – ’s central bank said on Monday that the Chinese economy has shown some positive changes in the first quarter, reiterating its pledge to continue with a prudent monetary policy and ensure reasonably ample liquidity in the interbank market.

Authorities will strengthen coordination between monetary policy, fiscal policy and other policies to fend off risks as they seek to maintain stable growth, the People’s Bank of China (PBOC) said in statement on its website following a quarterly meeting of its monetary policy committee.

The yuan currency will be kept basically stable, according to the PBOC.

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Source: Investing.com