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China central bank says to maintain neutral policy, stable yuan


HONG KONG/BEIJING (Reuters) - China's central bank will maintain its neutral monetary policy and keep liquidity and credit growth largely steady while keeping the yuan currency basically stable, it said on Friday.The central bank's surprising cut in reserve requirement ratios (RRR) on April 17 and growing fears of a trade war with the United States have fanned market expectations of looser policy to support the economy. The People's Bank of China will fend off systemic risks and use multiple monetary policy tools to ensure financial stability in the world's second largest economy, it said in ...

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First Published: Mon, May 14 2018. 11:04 IST