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Central bank to continue its hands-off policy

Updated: 2013-11-06 06:58
By Gao Changxin in Shanghai ( China Daily)

People's Bank of China to only 'conduct fine-tuning' as nation carries out essential economic reforms

China's central bank said on Tuesday that it will continue its hands-off stance on the money market, as it maintains a "stable" monetary policy that facilitates the nation's essential structural reforms.

The central bank "will neither loosen nor tighten liquidity (but) will conduct fine-tuning in response to market changes", said the People's Bank of China in a quarterly monetary policy report it posted on its website.

Central bank to continue its hands-off policy