PBOC vows to maintain a prudent monetary policy

The People's Bank of China vowed on Tuesday 21 February to continue perfecting the managed float of the yuan and to introduce new financial products to help firms hedge new-found currency risk.

"The central bank will maintain a prudent monetary policy and maintain the continuity and stability of monetary policy," said the first quarterly monetary report for 2006, posted on the PBOC website.

It also vowed to keep the yuan stable at a reasonable level this year.

"(China will) perfect the management

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.