AIRLINK 188.00 Decreased By ▼ -8.65 (-4.4%)
BOP 10.04 Decreased By ▼ -0.10 (-0.99%)
CNERGY 6.63 Decreased By ▼ -0.06 (-0.9%)
FCCL 33.92 Increased By ▲ 0.90 (2.73%)
FFL 16.80 Increased By ▲ 0.15 (0.9%)
FLYNG 23.80 Increased By ▲ 1.35 (6.01%)
HUBC 125.77 Decreased By ▼ -1.52 (-1.19%)
HUMNL 13.79 Decreased By ▼ -0.11 (-0.79%)
KEL 4.80 Increased By ▲ 0.04 (0.84%)
KOSM 6.59 Increased By ▲ 0.22 (3.45%)
MLCF 43.05 Increased By ▲ 0.83 (1.97%)
OGDC 219.50 Increased By ▲ 6.47 (3.04%)
PACE 7.36 Increased By ▲ 0.35 (4.99%)
PAEL 41.15 Increased By ▲ 0.28 (0.69%)
PIAHCLA 17.35 Increased By ▲ 0.53 (3.15%)
PIBTL 8.37 Increased By ▲ 0.08 (0.97%)
POWER 8.99 Increased By ▲ 0.17 (1.93%)
PPL 191.40 Increased By ▲ 7.83 (4.27%)
PRL 36.98 Decreased By ▼ -1.29 (-3.37%)
PTC 23.99 Decreased By ▼ -0.08 (-0.33%)
SEARL 93.80 Decreased By ▼ -1.31 (-1.38%)
SILK 0.99 Decreased By ▼ -0.01 (-1%)
SSGC 39.69 Decreased By ▼ -0.62 (-1.54%)
SYM 17.70 Decreased By ▼ -0.51 (-2.8%)
TELE 8.65 Decreased By ▼ -0.08 (-0.92%)
TPLP 12.35 Increased By ▲ 0.14 (1.15%)
TRG 62.50 Decreased By ▼ -1.86 (-2.89%)
WAVESAPP 10.29 Decreased By ▼ -0.15 (-1.44%)
WTL 1.77 Decreased By ▼ -0.02 (-1.12%)
YOUW 4.00 No Change ▼ 0.00 (0%)
BR100 11,727 Increased By 4.3 (0.04%)
BR30 35,667 Increased By 307.4 (0.87%)
KSE100 113,100 Increased By 461.3 (0.41%)
KSE30 35,616 Increased By 157.6 (0.44%)

China's central bank said on Sunday it will use various monetary tools to maintain adequate liquidity and reasonable growth in credit and social financing. In a statement to summarise the third-quarter monetary policy committee meeting, the People's Bank of China also said it would continue to implement a prudent monetary policy, while pushing ahead with interest rate and yuan exchange rate reforms.
It also noted that China's economic growth remained within a reasonable range.
The statement comes after policymakers have rolled out a series of stimulus measures this year as economic growth momentum falters. Many analysts believe more measures may be needed in coming months if the government wants to meet its 2014 economic growth target of around 7.5 percent.
China's services sector grew at its slowest pace in eight months in September after new orders shrank for the first time since the 2008 global financial crisis, exposing more weakness in the world's second-largest economy. The official non-manufacturing Purchasing Managers' Index (PMI) edged down to 54.0 in September from 54.4 in August, the National Bureau of Statistics said, but still well above the 50-point mark demarcating growth on the month from a contraction.
The central bank has often reiterated its "prudent" monetary policy stance this year - the catch word used since late 2010 to encapsulate at first modest policy tightening and then modest loosening following the global financial crisis.

Copyright Reuters, 2014

Comments

Comments are closed.