Central Bank of China (People Bank of China / PBOC) pledged to maintain the value of the yuan exchange rate to remain stable in 2010. With the stability of this currency will be supporting the growth of monetary policy.
As quoted in Reuters, Sunday 8 March 2010, China's banking authorities have twice this year instructed to immediately increase the proportion of deposits held, not to lend. This is done to avoid the excesses of the economy and restrain pertumuhan inflation.
However, unlike in Australia and Malaysia, China's central bank intends to raise interest rates. This makes investors became upset, the article how the government can quickly restore the funds that are used as the amount of monetary stimulus most extraordinary since the end of 2008.
"This is done to be consistent with a very simple manner, so that targeted policies will be better and more flexible. The various monetary policy instruments will be executed, and a combination of maturity of the structure of this instrument will be operational force for well organized," PBOC said not recently.
PBOC also said it would certainly ensure that the banking system has sufficient liquidity to keep things running smoothly.
"PBOC will guide financial institutions to accelerate the credit equally, as a way to prevent excessive fluctuations in the third quarter and the end of each month," he said
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