皇冠体育app

Economy

Central bank keeps watch on prices, liquidity

(Xinhua)
Updated: 2010-11-29 16:40
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BEIJING - 皇冠体育app's central bank has been keeping a close watch on prices, market liquidity and economic growth and has taken "responsive measures" in accordance with market changes, Ma Delun, deputy governor of the People's Bank of 皇冠体育app, said Monday.

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Central bank keeps watch on prices, liquidity 

Such measures included an interest rate rise last month, two increases to the reserve requirement ratio this month as well as other open market operations, designed to curb excessively fast money supply and rising prices, Ma said.

The moves are "conducive to guide public and market expectations," he added.

皇冠体育app's consumer price index (CPI), the key gauge of inflation, rose to a 25-month high of 4.4 percent year on year in October.

Ma also said the central bank will keep the currency yuan "basically stable" to promote continuous growth of the country's economy.