SHANGHAI, June 28 (Xinhua) -- China's central bank will continue to implement prudent monetary policies, but will conduct preemptive adjustments and fine tuning in an appropriate way when necessary, said its chief Zhou Xiaochuan on Friday.
He said the bank will work with other departments to guide financial institutions to maintain reasonable lending level, and will use multiple tools to adjust liquidity and keep the market overall stable, he said at the ongoing Lujiazui Forum in Shanghai.
Commentary: Chinese central bank's caution amid cash crunch will pay off in long run
BEIJING, June 27 (Xinhua) -- The cautious attitude of China's central bank toward injecting cash into the interbank market amid the current liquidity crunch will support the country's economic restructuring and benefit the world economy.
China's short-term interbank rates rocketed to unusually high levels during the past two weeks, but the People's Bank of China (PBOC) took a tough line with the banks faced with the cash crunch until Tuesday, when it boosted liquidity support for some cautious financial institutions.Full story
Commercial lenders should control liquidity risks: PBOC
BEIJING, June 24 (Xinhua) -- China's central bank on Monday told the country's overextended lenders to manage liquidity risks to stabilize the monetary environment.
In a circular posted on the People's Bank of China (PBOC) website, the central bank said the country's liquidity stance remains at a reasonable level. Full story