Update to "PBOC to continue prudent, neutral monetary policy"
The People's Bank of China are out quite regularly with statements saying monetary policy will be prudent and neutral
I've yet to hear them say its imprudent
Anyway, this via Reuters from late last week on the People's Bank of China's third-quarter monetary policy implementation report, updated:
- will maintain a prudent and neutral monetary policy
- keep liquidity conditions stable,
- will also keep the yuan stable while increasing the currency's two-way flexibility,
- aims to maintain an appropriate monetary environment for the country's supply-side reforms and higher quality economic growth
- to improve its "twin pillar" framework by combining its monetary policy with macro-prudential assessment (MPA), while using multiple monetary policy tools to manage liquidity
- The central bank on Friday also issued sweeping guidelines to tighten rules on asset management businesses, the latest step by Beijing to fend off systemic risks in the country's rampantly growing shadow banking sector.