SME Times is powered by   
Search News
Just in:   • Equities markets start 'New Year' on positive note  • Wipro sees demand environment steady for IT services  • PM marks Diwali in Siachen, announces Rs.745 cr more for Kashmir  • India firm on objections to WTO over food security  • India, Mexico discuss cooperation in hydrocarbons 
Last updated: 27 Sep, 2014  

China.Currency.Thmb.jpg China's central bank to keep monetary policy stable

China.Currency.jpg
   Top Stories
» PM marks Diwali in Siachen, announces Rs.745 cr more for Kashmir
» India firm on objections to WTO over food security
» India, Mexico discuss cooperation in hydrocarbons
» MSME Ministry gets ISO Certificate; becomes first
» Bill to implement GST in winter session: FM
IANS | 29 Dec, 2012
China's central bank has said it will continue to implement a prudent monetary policy next year and pay close attention to potential financial risks.

The People's Bank of China (PBOC) said in a statement Thursday that it will keep policies stable and make monetary policies more forward-looking, targeted and flexible, reported Xinhua.

The central bank will fulfil its obligation to safeguard financial stability and strive to prevent systemic and regional financial risks, the statement said.

Earlier this year, the central bank lowered benchmark interest rates twice, as well as cut commercial banks' reserve requirement ratio, or the amount banks must put aside as reserves, to bolster the slowing economy.

The government has vowed to maintain a proactive fiscal policy and prudent monetary policy in 2013, as the global economy is expected to maintain slow growth, according to a central economic work conference held earlier this month.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
62.30
61.30
UK Pound
101.25
99.00
Euro
79.00
77.10
Japanese Yen 56.90 55.55
As on 24 Oct, 2014
  Daily Poll
Will PM's 'Come and make in India' mantra spur economic growth?
 Yes
 No
 Can't say
  Commented Stories
» Labour reform - a step taken forward(6)
» Starting an import export business: Basic guide for beginners(6)
» Making Indian MSMEs globally competitive(5)
» Late payment: RBI move not enough for SMEs(5)
» Govt should treat SMEs and start-ups differently: Jayant Kumar(3)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter