Central bank to keep monetary policy stable

搜索关注在线英语听力室公众号：tingroom，领取免费英语资料大礼包。

The People's Bank of China (PBOC) said in a statement that it will keep policies stable and make monetary policies more forward-looking, targeted and flexible.

The central bank will fulfill⁴ its obligation to safeguard financial stability and strive to prevent systemic and regional financial risks, the statement said.

Earlier this year, the PBOC lowered benchmark interest rates twice, as well as cut commercial banks' reserve requirement ratio, or the amount banks must put aside as reserves, to bolster⁵ the slowing economy.

The government has vowed⁶ to maintain a proactive fiscal⁷ policy and prudent monetary policy in 2013, as the global economy is expected to maintain slow growth, according to a central economic work conference held earlier this month.

分享到：