BEIJING — China will maintain continuity and stability of its monetary policy to help establish a modernized economic system, the country’s central bank said on Nov 17.
The People’s Bank of China (PBOC) listed three major tasks, namely serving the real economy, preventing risks, and pushing forward financial reforms, in a lengthy report on the implementation of China’s monetary policy in the third quarter.
China will continue its prudent and neutral monetary policy and improve coordination with other related policies to facilitate supply-side structural reform, according to the report.
The PBOC stressed financial supervision, vowing to safeguard the bottom line so that no systemic risks occur.
Regulatory framework of monetary and macro-prudential policies will be improved, and reform will be deepened in interest rate and foreign exchange markets.
More efforts will also be made to ensure stable inter-bank liquidity and bolster inclusive finance, according to the report.