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Policy
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI China Daily Summary: Monday, December 9
MNI BRIEF: PBOC to Continue Prudent Monetary Policy
China will continue with a prudent monetary policy, adjust it flexibly and precisely, and avoid sharp changes to ensure a balance between economic recovery and risk prevention, the People's Bank of China said in its Q4 Monetary Policy Report released on its website late Monday.
The PBOC will comprehensively use medium-term lending facilities, open market operations, re-lending, rediscounting and other tools to meet the reasonable short-term, mid-term and long-term liquidity needs, according to the report. The operations must be accurate and effective to maintain sufficient liquidity without flooding the market, according to the PBOC.
The PBOC will improve the money supply control mechanism with the goal of "maintaining the stability of the currency value and promoting economic growth," the statement said.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.