China central bank says to continue stable, neutral monetary policy

HONG KONG (Reuters) – China’s central bank said on late Friday it would keep the yuan currency broadly stable while maintaining a stable and neutral monetary policy.

The People’s Bank of China will fend off systemic risks and use multiple monetary policy tools to ensure financial stability in the world’s second largest economy, it said in its first-quarter monetary policy implementation report.

It also plans to include negotiable certificates of deposit (NCDs) issued by financial institutions with assets of less than 500 billion yuan ($78.99 billion) in its quarterly macroprudential assessment (MPA) from the first quarter in 2019.

($1 = 6.3302 renminbi)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.