PBOC: Will keep interest rates reasonable and appropriate
|The People’s Bank of China (PBOC) issued the first quarter monetary policy implementation report on Monday. Following are the highlights of the report.
Prudent monetary policy will be precise and forceful.
Will keep liquidity reasonably ample.
Will prevent transmission of risks from abroad to China.
Will keep interest rates reasonable and appropriate.
Will keep Yuan exchange rate basically stable.
Will support rigid, improved housing demand.
Will continue stabilise land price, home price, expectations.
Will fend off systemic financial risks.
Will let policy financing tools play their roles, step up the guidance of govt investment and policy incentives, drive up private investment effectively.
China's economic growth will likely see marked growth in Q2 due to low base effect.
Will monitor marginal changes of goods prices, guide and stabilize social expectations and keep prices basically stable.
Related reads
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.