BEIJING Nov 5 China's central bank said on
Tuesday that it will maintain its prudent policy-setting with
timely fine-tuning to keep the economy on an even keel while
warding off inflationary risks.
The People's Bank of China said it will use various policy
tools to guide reasonable growth in credit and social financing,
it said in its third-quarter monetary policy report published on
its website, www.pbc.gov.cn.
It urged banks to strengthen their liquidity management and
warned that the economy will undergo a long deleveraging
The central bank also pledged to push forward interest rate
and currency reforms while prevening systemic risks in the
(Reporting by Aileen Wang and Kevin Yao)