chinas central bank to properly shift monetary policy
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

China's central bank to properly shift monetary policy

Egypt Today, egypt today

Egypt Today, egypt today China's central bank to properly shift monetary policy

China's central bank
Beijing - Xinhua

China's central bank is expected to shift away from its relatively easy monetary policy in an orderly manner, an investment bank report has said.

The People's Bank of China (PBOC) issued its quarterly report Friday, in which it outlined its intention to implement a prudent and neutral monetary policy while keeping liquidity basically stable.

China has maintained a prudent monetary policy since 2011. In practice, however, it has been slightly eased for a period of time to alleviate pressure from a slowing economy. With the economy now showing more signs of firming up, policy makers are looking to implement a "prudent and neutral" policy in 2017.

Following the central bank's report, China International Capital Corp. (CICC), a Beijing-based investment bank, released a research paper, in which it said that the PBOC could manage the pace at which it shifts its monetary policy and still maintain stable market liquidity.

With the central bank recently raising the short- and long-term lending rates between banks, a barometer of the overall lending climate, CICC expects the PBOC will continue to phase out monetary easing to rein in asset prices and inflation.

It projected that the central bank will roll out more measures to advance financial deleveraging, guide money to the real economy and ward off financial speculations.

With the Chinese economy still facing a number of uncertainties, the investment bank does not foresee either the benchmark lending or deposit rates rising in the near future.

The central bank's shift from monetary easing does not necessarily mean more monetary tightening, it noted.

China's GDP grew 6.7 percent year on year in 2016, the lowest reading in nearly three decades, but within the government's target range.

The PBOC underlined in its quarterly report that it will work to strike a better balance between stabilizing growth, adjusting structure, curbing asset bubbles and preventing risks.

CICC noted that the monetary policy shift will not restrict economic growth since real interest rates are likely to fall amid rising inflation, which could keep economic activities vibrant.

source: Xinhua

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

chinas central bank to properly shift monetary policy chinas central bank to properly shift monetary policy



GMT 09:23 2019 Friday ,30 August

Testing

GMT 17:09 2017 Friday ,29 December

At least 14 dead in Mumbai fire

GMT 13:44 2017 Thursday ,21 December

Nine-time champion Loeb set for 2018 cameo

GMT 13:08 2017 Tuesday ,26 September

Bahrain's aluminum industry thriving, manned by 12,184

GMT 08:50 2017 Sunday ,03 December

Reza Zarrab, the star witness unnerving Ankara

GMT 18:26 2018 Friday ,14 December

Mashrou’ Leila headline Apple event in Dubai

GMT 12:35 2018 Thursday ,01 November

UN chief appoints new special envoy for Syria

GMT 12:41 2016 Friday ,09 December

Blatter blasts Infantino over lack of respect

GMT 03:22 2011 Thursday ,05 May

The Leela Palace New Delhi opens

GMT 10:13 2015 Saturday ,03 January

Fashion East reveals AW15 men's presentation line-up

GMT 13:24 2017 Sunday ,13 August

Plane makes emergency landing at Cairo airport

GMT 11:06 2016 Thursday ,15 September

WADA urges Russia to stop doping hacks

GMT 14:05 2014 Thursday ,18 December

Airbnb in Amsterdam tourist tax deal, first in Europe

GMT 09:26 2016 Monday ,29 August

Egypt seeks tougher penalties

GMT 09:08 2018 Wednesday ,10 January

Federer eyes fresh 'fairytale' as Slam rivals struggle
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday