China's central bank will ensure that there is an appropriate amount of liquidity in the banking system this year, while guiding credit growth at a reasonable pace, it said in a statement on Friday.
The statement, ahead of a news conference by central bank governor Zhou Xiaochuan, also pledged to deepen interest rate reforms and develop benchmark interest rates in the money market. It also reiterated the long-standing position that the yuan's exchange rate would be kept basically stable at a reasonable level. The news conference is being held during China's annual session of parliament.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
