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China's central bank pledges prudent monetary policy, stable yuan

China's top leaders said in an annual economic meeting this month they will ratchet up support for the economy in 2019 by cutting taxes and keeping liquidity ample

Reuters  |  Beijing 

China's central bank said on Thursday it will maintain a prudent monetary policy and keep the Chinese currency basically stable while offering "reasonably ample" liquidity to the market.   A statement following a quarterly meeting of its monetary policy committee did not include the previously-used "neutral" to describe Chinese policy - an omission that could indicate a greater bias for easing at a time growth is slowing. Also, the latest statement did not include a reference to China's deleveraging campaign. Three months ago, the People's ...

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First Published: Thu, December 27 2018. 16:16 IST