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Sunday, May 29, 2016, 12:12

China's monetary policy effective: PBoC official

By Xinhua
China's monetary policy effective: PBoC official
The headquarters of the People's Bank of China in Beijing. (Photo by Shi Yan / China Daily)

BEIJING - China's prudent monetary policy has achieved good results, said Zhang Tao, vice governor of the People's Bank of China (PBoC), the central bank.

Zhang made the remarks in an international conference on monetary policy and banking industry in Geneva, Switzerland, on Friday, according to a PBOC statement on Saturday.

"China's prudent monetary policy has helped maintain reasonably abundant liquidity, and kept the real interest rate basically stable," said Zhang.

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