China c.bank chief reiterates prudent monetary policy for 2018

By Kitco News / December 31, 2017 / www.kitco.com / Article Link

BEIJING, Dec 31 (Reuters) - China will maintain prudent monetary policy and reasonable loan growth in 2018, central bank chief Zhou Xiaochuan said in comments published on Sunday.

In a new year's message, Governor Zhou said that in 2017 the People's Bank of China (PBOC) had strengthened macro-economic controls, deepened financial reform, prevented systemic financial risks and promoted finance to serve the real economy.

In 2018, the central bank will continue its prudent policy and maintain reasonable monetary credit and social financing growth, Zhou added.

China's central bank pledged on Friday to maintain its "prudent and neutral" monetary policy and to use policy tools to keep liquidity reasonably stable. Analysts expect the PBOC to keep policy slightly tight in 2018 - even as that has lifted market rates to multi-year highs - to support a broader deleveraging drive to contain risks in the world's second-largest economy.


(Reporting by Ben Blanchard; Editing by Richard Borsuk)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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