China central bank to keep policy steady, push reforms
SHANGHAI/BEIJING (REUTERS) - China's central bank said on Sunday that it would keep policy steady with timely fine-tuning to cope with economic uncertainties while forging ahead with yuan and interest rate reforms.
China's economic performance and inflation remained stable but there would be "difficulties and challenges" ahead, the People's Bank of China said in a statement after a regular meeting of its monetary policy committee.
While maintaining prudent monetary policy, the central bank will make pre-emptive and timely policy fine-tuning to help stabilise economic growth, it said.
The central bank also pledged to push forward market-oriented interest rate reforms and improve the currency regime while keeping the yuan exchange rate basically stable.