PBoC: Inflationary Pressure Remains High In China
2011-07-05 11:56:52
The People's Bank of China on Monday said inflationary pressure still remains at a high level and vowed to maintain prudent monetary policy.
In the Monetary Policy Committee meeting, policy makers stressed the need for paying close attention to the current international and domestic economic and financial situation and also the importance of 'stability' in implementing prudent monetary policy.
Further, the central bank reiterated that it will continue to apply various monetary policy tools to manage liquidity. Also, the bank added that it will maintain the yuan exchange rate basically stable.