PBOC cuts RRR, “prudent monetary policy” not to change China cuts RRR to ease credit crunch, secure growth BEIJING, Feb. 18 (Xinhua) --...

PBOC cuts RRR, “prudent monetary policy” not to change

China cuts RRR to ease credit crunch, secure growth

BEIJING, Feb. 18 (Xinhua) -- The cut, the second of its kind in three months, will drop the RRR by 50 basis points to 20.5 percent for large commercial banks and 17 percent for mid- and small-sized banks, the People's Bank of China (PBOC) said in a statement on its website. Full story

China to further marketization reform of interest rates

BEIJING, Jan. 16 (Xinhuanet) -- The marketization reform of interest rates is an important goal for China's reform of finanical system and also an essential part of the finanical system advancement, the central bank, the People's Bank of China (PBOC), said. Full story

Chinese banks still short of cash ahead of holiday despite PBOC liquidity injection

BEIJING, Jan. 18 (Xinhua) -- Borrowing costs among Chinese banks climbed to record highs in the money market on Wednesday, as lenders remain desperate for cash ahead of Spring Festival despite the central bank's liquidity injection. Full story

Central bank stresses prudent monetary policy for 2012

BEIJING, Dec. 31 (Xinhua) -- The People's Bank of China (PBOC) will give full play to the counter-cyclical function of macro-prudential policies and properly handle the intensity, pace and focus of macro-control, Governor Zhou Xiaochuan said in a new year's address to the bank staff.？ Full story

News Analysis: China likely to keep prudent monetary policy, allow fine-tuning

BEIJING, Nov. 29 (Xinhua) -- While speculation builds up for possible changes to China's macroeconomic control policies, Chinese analysts have urged the government to stick to a prudent monetary policy while allowing for more fine-tuning. Full story

China's central bank reiterates prudent monetary policy will continue

BEIJING, Dec. 21 (Xinhua) -- China's central bank has reiterated that it will continue to implement a prudent monetary policy in 2012 while making it more targeted, flexible and foresighted in order to support stable and healthy economic growth.