BEIJING, Dec. 13 (Xinhua) -- The People's Bank of China, or the central bank, will make further efforts to maintain prices stable after China's inflation rate hit a 28-month high, according to reports on Monday.
6 b: B" j U# t& o. \; L The central bank will analyze global economic developments and balance the relations between stable and relatively fast economic development, economic restructuring and managing the expected inflation, according to a discussion held during the central bank's meeting.
2 L) j6 }" X( e; o3 L The central bank will enact stable monetary policies and seek to control fluidity, channeling credit funds to real businesses, especially agricultural and small and medium-sized enterprises, according to the central bank.
$ f: y4 T- N% P3 W1 J5 e The central bank will also improve yuan exchange rate formation mechanisms, according to discussions at the meeting.
; D: M6 |2 j/ R n+ j. I On Saturday, Chinese officials said the nation's inflation rate rose 5.1 percent in November year on year, which was a 28-month high. |