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Q4 MonPol Report Emphasises Stable Policy

CHINA

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.
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