China c.bank reaffirms steady policy with fine-tuning

BEIJING Tue May 6, 2014 7:28am EDT

BEIJING May 6 (Reuters) - China central bank said on Tuesday it would keep monetary policy steady with timely fine-tuning to help stabilise economic growth.

The People's Bank of China will use a combination of policy tools to keep liquidity ample, it said in its first-quarter monetary policy implementation report.

The PBOC also pledged to keep the yuan basically stable while pushing reforms to help introduce greater two-way flexibility in the currency. It also pledged to take measures to maintain financial stability and reduce systemic risks. (Reporting by Kevin Yao; Editing by Ron Popeski)

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