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China's central bank comfortable with economy

Feb credit data tops forecasts; timetable set for deposit insurance, rate liberalisation

Published Thu, Mar 12, 2015 · 09:50 PM

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    Beijing

    CHINA'S central bank governor on Thursday signalled that Beijing is comfortable with the current macroeconomic environment and plans to stick with its "prudent" monetary policy.

    Zhou Xiaochuan also gave a suggested implementation timeline, for the first time, for introduction of deposit insurance and the full liberalisation of deposit rates.

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