PBoC: Will guide reasonable credit growth ...Middle East

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PBoC: Will guide reasonable credit growth
Prudent monetary policy should be flexible, moderate, precise and effective.Will guide reasonable creditr growth.Will lower firms' financing and household credit costs steadily.Will promote the steady decline in the cost of comprehensive social financing.Will maintain fundamental stability of Yuan exchange rate at a reasonable equilibrium level.Will implement measures to prevent and resolve risks in key aread such as real estate, local government debt and small and medium-sized financial institutions.Will also keep liquidity reasonably ample.Will prevent the formation and self-reinforcement of unilateral uniform expectations, guard against risk of exchange rate overshooting.

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