Date
24 August 2017

PBoC to closely monitor cross-border capital flow

China should closely monitor international and domestic economic and financial issues, including changes in capital flow, in order to maintain a prudent monetary policy and uphold adequate liquidity in the market, the People’s Bank of China said in a statement on its website Tuesday after its quarterly meeting in Beijing. As the economy has stabilized, the country should pursue interest rate liberalization and undertake reforms to keep the currency at a balanced level, the central bank said. The meeting, which is chaired by PBoC governor Zhou Xiaochuan {周小川}, also highlighted the uncertainties the country is facing while the global economy is slowly recovering, the statement said.

– Contact HKEJ at [email protected]

AM/JP/CG

 

 

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