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.
- ]- _" @. O* d0 `. @ 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.8 Q; J( Z, B" U: S: C
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.: c2 M" G7 |& n( ^( ]3 s5 f- S' ?
The central bank will also improve yuan exchange rate formation mechanisms, according to discussions at the meeting.9 N& J8 _" l) f$ e7 M
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. |