In a statement from the People’s Bank of China (PBOC) on Sunday after its 3rd quarter monetary policy meeting the bank said:
- It will closely watch moves in global & domestic economies, and changes in global capital flows
- Monetary polices have diverged in major economies
- Positive signs in the U.S. economy
- Another major policy loosening in the eurozone
- It saw and difficulties in some emerging economies
- It will use various monetary tools to maintain adequate liquidity and reasonable growth in credit and social financing
- It would continue to implement a prudent monetary policy
- Would move ahead with interest rate and yuan exchange rate reforms
(via Reuters and WSJ)
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Nothing much to surprise in there.
PBOC Governor Zhou
