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Monetary policy to remain steady, central bank says

The central bank said on Tuesday it would keep monetary policy steady with timely finetuning to help stabilize economic growth. The People's Bank of China will use a combination of policy tools to keep liquidity ample, it said in its firstquarter monetary policy implementation report. The PBOC also pledged to keep the yuan basically stable while pushing reforms to help introduce greater twoway flexibility in the currency.

Yuan continues to pull away from 18month low