(
Xinhua)
10:22, April 04, 2013
BEIJING, April 3 (Xinhua) -- China's central bank has warned of uncertainty in future inflation levels while saying the country has maintained steady economic growth, according to a People's Bank of China (PBOC) statement on Wednesday.
In its regular quarterly meeting for January-March, the Monetary Policy Committee of the PBOC has reiterated a stable macro monetary environment to follow the prudent monetary policy, keep policy continuity and stability while making it more forward-looking, targeted and flexible, according to the statement.
The monetary policy should make a balance between ensuring steady and robust economic development, adjusting the economic structure, and managing inflation expectations, said the statement.
Due to rising food prices during the Spring Festival season, China's annual consumer inflation rate rebounded to a 10-month high of 3.2 percent in February, according to data from the National Bureau of Statistics.
The PBOC statement also vowed to further liberalize interest rates and facilitate reform of the renminbi exchange rate formation regime to keep the yuan basically stable at "reasonable and equilibrium level."
The PBOC did not specify when the meeting was held but said six councilors of the 15-member committee were absent due to other official duties.
The committee, headed by PBOC governor Zhou Xiaochuan, said the global economy is recovering a little bit but still faces "complicated" situations.
The committee stressed close monitoring of the latest developments in international and domestic economy and financial markets, as well as changes in the flow of global capital.
The committee said the management over liquidity must be strengthened to encourage a steady and appropriate growth in credit and social financing and optimize the allocation of financial resources.
The structural problems of the supply-and-demand of credit need to be solved to guard against financial risks and make easier access of financial services for the physical economy.
We Recommend:
Photo Story: Bittersweet life of auto modelTop 10 richest people in Beijing 201334th Bangkok Int'l Motor Show to kick offBeijing’s second-oldest McDonald outlet closedTop 10 world's youngest billionaires 2013China's solar giant declares bankruptcyEmail|
Print|
Comments(Editor:MaXi、Wang Jinxue)
Increases the bookmark
twitterfacebookSina MicroblogdiggGoogleDeliciousbuzzfriendfeedLinkedindiigoredditstumbleuponQzoneQQ MicroblogRelated Reading
Surveys show improving economic confidence, rising inflation concernsChina to maintain policy stability, continuity: central bankerChina's M2 growth poses no inflation risksCentral bank supports emerging Internet financing: governorChina should remain on high alert for inflation: central bank governorLong-term loan surge to benefit economyExperts reject money oversupply concernsInflation threat to growth policiesFeb inflation reaches 10-month highChina's inflation jumps to 10 month high in FebruaryHot NewsChinese FM meets senior officials of ASEAN countriesKerry reaffirms defense commitment to ROK, JapanDriver arrested for killing farmer over land disputeMore owners choose to pay last respects to petsChina Focus: China maps out blueprint to harness Yellow RiverBeijingers close housing deals at 11th hourChina dominates 2012 best badminton players nominationsHighlights of 2013 China Fashion Week
本站仅提供存储服务,所有内容均由用户发布,如发现有害或侵权内容,请
点击举报。