PBOC pledge on price stability

08:40, January 07, 2011      

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The People's Bank of China said on Thursday that it will implement a prudent monetary policy in 2011 by strengthening risk management and checking excessive liquidity. "We will prioritize the stabilization of consumer prices in our monetary regulation, and improve the pertinence of policies to curb monetary factors leading to over-rapid price rises," said the central bank.

The bank also vowed to make regulatory measures more flexible while exercising more vigilance on cross-border capital inflows.

Source:China Daily
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