CHINA PBOC: Reiterates prudent monetary policy stance

Market news

3 May 2011

CHINA PBOC: Reiterates prudent monetary policy stance

Pledges to strengthen liquidity management

Says will increase exchange rate flexibility

No absolute ceiling for reserve requirement ratio

To use interest rates to manage inflation expects

Econ growth rate, employment at reasonable levels

Stabilizing prices the top priority

Global inflation pressure is building

U.S., Japan sov debt crises unlikely in short-term

Europe banks could need more fiscal injections

Investor demand hit if fiscal positions worsen

CHINA PBOC: Reiterates prudent monetary policy stance

GBP/USD under pressure

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