PBoC: Reiterates to pursue prudent monetary policy, to adjust monetary policy stance when appropriate, to fend off systemic and regional risks - press
- Intend to shape neutral and appropriate environment for monetary policy and the financial system
- To keep CNY stable, continue interst rate and exchange rate reform
- Frequent RRR cuts to add to CNY currency pressure
- To support a reasonable level of credit and financing growth
- Inflation likely to remain steady at low levels; rising property prices and flood might have impact on inflation