The People’s Bank of China (PBoC), at a regular quarterly meeting Thursday, reiterated a pledge to maintain prudent monetary policy, with the tone basically unchanged from the comments made at its previous meeting, Shanghai Securities News reported Friday. The only change from the previous quarter’s statement was that the PBoC said now that it will keep deepening the reform of the financial system. In the earlier statement, the central bank said it will implement reforms through adjustment measures. Analysts were quoted as saying that the PBoC is likely to keep reasonable market liquidity through open-market operations, and that it sees no need to lower the deposit reserve ratio.
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