PBOC sees more potential risks with global financial market

The Chinese central bank, PBOC, reiterated that it will maintain prudent monetary policy in its quarterly monetary committee report published on Friday, Reuters reports.

Key Quotes:

“Will keep Yuan basically stable”

“Will maintain prudent monetary policy”

“Will keep monetary policy flexible, neither too tight nor too loose”

“Will flexibly use multiple monetary policy tools“

“Will keep appropriate liquidity”

“Will realize appropriate growth in credit and social financing“

“Will continue with interest rate, exchange rate reform”

“Sees more potential risks with global financial mkt “