April 25, 2018 / 9:30 AM / a year ago

China central bank says prudent, neutral monetary policy remains unchanged after RRR cut

A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing, April 3, 2014. REUTERS/Petar Kujundzic/File Photo

BEIJING (Reuters) - China’s central bank said its prudent and neutral monetary policy will remain unchanged after it cuts the cash banks must hold as reserves on Wednesday, a move allowing lenders to pay back loans obtained via its medium-term lending facility.

The People’s Bank of China said there will be no change in overall liquidity, and the cut in bank reserves will help improve the liquidity structure of the financial system.

Reporting by Beijing Monitoring Desk; Editing by Jacqueline Wong

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