Tools: Save | Print | E-mail | Most Read
Central Bank Continues to Curb Excessive Liquidity
Adjust font size:

China will maintain a prudent monetary policy and curb excessive liquidity, the first quarter monetary policy report released by the People's Bank of China said in Beijing on Thursday.

China will use multi-tools to manage excessive liquidity to create a stable monetary and financial environment, the report said.

The growth rate of money and credit supplies slowed down in the first quarter of 2007 but still stood too high, the report said.

The broad money supply (M2) grew by 17.3 percent year on year at the end of this March. Its growth rate declined by 1.5 percentage points year on year while 0.4 percentage points higher than that at the end of 2006.

Meanwhile, the narrow money supply (M1) grew by 19.8 percent year on year at the end of this March, according to the report.

(Xinhua News Agency May 11, 2007)

Tools: Save | Print | E-mail | Most Read

Related Stories
'There is Still Room' to Raise Reserve Ratio
Divert Excess Liquidity from Property Sector: Report
Central Bank Moves to Tame Liquidity
Excessive Liquidity Not from Monetary Policy
Reserve Ratio Hiked to Absorb Liquidity

Product Directory
China Search
Country Search
Hot Buys
SiteMap | About Us | RSS | Newsletter | Feedback
SEARCH THIS SITE
Copyright © China.org.cn. All Rights Reserved     E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号