- Prudent monetary policy should be flexible, moderate, precise and effective.
- Will guide reasonable creditr growth.
- Will lower firms’ financing and household credit costs steadily.
- Will promote the steady decline in the cost of comprehensive social financing.
- Will maintain fundamental stability of Yuan exchange rate at a reasonable equilibrium level.
- Will implement measures to prevent and resolve risks in key aread such as real estate, local government debt and small and medium-sized financial institutions.
- Will also keep liquidity reasonably ample.
- Will prevent the formation and self-reinforcement of unilateral uniform expectations, guard against risk of exchange rate overshooting.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
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