Monetary policy to remain prudent: central bank official

0 Comment(s)Print E-mail Xinhua, February 19, 2012
Adjust font size:

China's central bank said Sunday it will maintain a prudent monetary policy as the country faces pressure in supporting growth and containing inflation.

The remarks, made by an official with the People's Bank of China (PBOC), was quoted in a PBOC press release a day after the central bank announced a reserve requirement ratio (RRR) cut to ease a liquidity shortage and secure growth amid weak external demand.

"Both the pressure of growth moderation and that of price rises exist at the same time. The overall tone of the monetary policy will stay prudent," Jin Qi, assistant to the PBOC governor, was quoted as saying during a meeting held on Thursday and Friday.

The current international economic situation remains complicated and grim, while China's economic development is still not balanced, coordinated or sustainable enough, said Jin.

The PBOC on Saturday announced a cut in the amount of cash that lenders must set aside as reserves, the second of its kind in three months.

The RRR will drop by 50 basis points to 20.5 percent for large commercial banks and 17 percent for mid- and small-sized banks, effective on Feb. 24, the PBOC said.

The central bank lowered the RRR in December by 50 basis points after hiking the RRR six times last year to cool inflation. It was the first cut since December 2008.

China's economy expanded by 9.2 percent year-on-year in 2011, with its GDP growth rate dropping to a 10-quarter low of 8.9 percent in the fourth quarter.

The consumer price index, a main gauge of inflation, rebounded to 4.5 percent in January after easing to a 15-month low of 4.1 percent in December. But it still grew an annualized 5.4 percent in 2011, above the government's full-year control target of 4 percent.

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 处破痛哭A√18成年片免费| 日韩精品有码在线三上悠亚| 啊公交车坐最后一排被c视频| 99自拍视频在线观看| 国产精品综合一区二区三区 | 国产卡1卡2卡三卡在线| jizzjizz丝袜老师| 欧美成人精品第一区| 你懂的在线免费观看| 精品亚洲成a人在线观看| 国产欧美日韩精品a在线观看| 91普通话国产对白在线| 成年无码av片完整版| 亚洲国产激情一区二区三区| 老子午夜精品无码| 国产精品一区二区久久沈樵| 97久视频精品视频在线老司机| 无码不卡av东京热毛片| 久久精品亚洲综合| 欧美色欧美亚洲另类二区| 伊人久久大香线蕉亚洲| 疯狂七十二小时打扑克| 动漫人物差差差免费动漫在线观看| 自拍偷拍校园春色| 国产三级三级三级三级| 蜜臀av性久久久久蜜臀aⅴ| 国产精品国三级国产av| 78成人精品电影在线播放日韩精品电影一区亚洲 | 高龄五十路中出| 国产成年无码久久久免费| 色综合天天综一个色天天综合网| 国产精品大片天天看片| www.夜夜操.com| 少妇人妻偷人精品视频| 丁香婷婷六月天| 快点使劲舒服爽视频| 三上悠亚大战黑人在线观看| 成人3d动漫网址在线观看| 东北妇女精品BBWBBW| 性孕妇video国产中国| 一本加勒比hezyo东京re高清|