SME Times is powered by   
Search News
Just in:   • Never cease to learn  • Australia approves Adani coal project  • India defence firm bags order from Ecuador  • 'MH17 jet was hit by missile shrapnel'  • Telangana to finalise industrial policy in a week 
Last updated: 29 Dec, 2012  

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

China.Currency.jpg
   Top Stories
» 'Textiles export to touch $300 bn by 2025; will create 35 mn more jobs'
» India needs to increase farm output, says Modi
» Indian ports' capacity to be doubled in next 5-yrs: Minister
» Monsoon deficit comes down, good rains likely: Govt
» India wishes to join hands with Uganda in all fields: PM
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
60.45
59.45
UK Pound
103.10
100.80
Euro
82.55
80.55
Japanese Yen 59.55 58.10
As on 29 Jul, 2014
  Daily Poll
Jaitley's Budget - 2014 is the best ever for Small and Medium Enterprises
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(9)
» MSME schemes - Do you know all of them?(7)
» SMEs face tough competition from Chinese imports: MSME Min(6)
» Start an export business: Guide for beginners(5)
» Credit rating can help SMEs in more ways than one(4)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter