China's Central Bank Planning Further Reforms
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2018-02-16 HKT 19:17
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China's central banks says it would carry out further reforms of the interest rate and foreign exchange markets.
In a lengthy report on the implementation of monetary policy in the fourth quarter of 2017, the People's Bank of China said apart from financial reform, it would also serve the real economy and prevent risks.
The report also said the regulatory framework, which involves the use of both monetary tools and macro-prudential regulation, will be improved.
It added that China will continue its prudent and neutral monetary policy, maintain reasonable and stable liquidity, and control the floodgates of money supply to facilitate supply-side structural reform. (Xinhua)
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