China to adjust liquidity, keep credit growth steady

Chinese central bank says recent interbank cash crunch had been easing and a temporary jump in short-term interest rates would not hurt the real economy

Reuters BEIJING
Last Updated : Jul 14 2013 | 10:02 AM IST

China's central bank said on Sunday that it would use a mix of policy tools to adjust liquidity and keep credit growth "steady and appropriate".

The People's Bank of China also said that the recent interbank cash crunch had been easing and a temporary jump in short-term interest rates would not hurt the real economy.

The central bank will continue to implement a prudent monetary policy, it added.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 14 2013 | 9:25 AM IST

Next Story