SME Times is powered by   
Search News
Just in:   • ICICI Bank Signs MoU to Launch Online Electricity Bill Service  • GST, EU stimulus hopes buoy markets; Sensex up 210 points  • Unless West walks the talk, Paris climate talks would fail: Javadekar  • Bank employees association defers December strike  • Austria to resume rail services to Germany 
Last updated: 27 Sep, 2014  

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

   Top Stories
» India among worst in corporate fraud, shows survey
» 'Mudra Bank, Start up India to shore up MSMEs'
» GST in national interest, PM tells all-party meet
» Auto components, electronics have untapped potential in MSME
» Govt not engaging in talks on GST, land bill: Rahul Gandhi
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 :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 55.10 53.85
As on 27 Nov, 2015
  Daily Poll
Will market regulator's plan to simplify start-ups' listing help SMEs?
 Can't say
  Commented Stories
» Govt mulls 'Online Udyog Aadhaar Form' to ease SME registration(7)
» Starting an import export business: Basic guide for beginners(4)
» Govt approves interest equalisation scheme for MSME exporters(2)
» Exports sops welcome, but not enough(2)
» Centre working on plan to incentivise industry: Official(2)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter