24.9 C
New York
Monday, August 15, 2022

China central bank says economy stable but complexities ‘cannot be underestimated’

SHANGHAI (Reuters) – China’s economy remains “generally stable” but it is facing complexities that “cannot be underestimated”, the country’s central bank said in a statement on Saturday following a quarterly meeting of its monetary policy committee.

The People’s Bank of China said in a statement posted on its website (http://www.pbc.gov.cn) that the world economy was still in a period of readjustment following the global financial crisis, and there were still many risks in global markets.

It said it would continue to implement a sound and neutral monetary policy, and rely on a range of monetary policy tools to keep liquidity at a stable level. It added that it would continue to keep the yuan exchange rate at a reasonable and stable level.

(Reporting by David Stanway; Editing by Eric Meijer)

Related Articles


Please enter your comment!
Please enter your name here

Stay Connected

- Advertisement -

Latest Articles

Popular Articles