People’s Bank of China (PBOC) statement released on Sunday after quarterly policy meeting –

Author: Eamonn Sheridan | Category: Central Banks

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)

Nothing much to surprise in there.

PBOC Governor Zhou

PBOC Governor Zhou

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