The People's Bank of China (PBOC) on Wednesday pledged to improve its information disclosure as part of steps to make its policy-making process more transparent.
The central bank said that it would strengthen its policy interpretations and information disclosures, as well as deliver policy intentions in a timely way. “We will continuously improve the central bank’s credibility and transparency.”
The PBOC said that it would also reasonably guide market expectations.
The central bank also said that it would issue data on bank lending, Internet finance and a payments system in a timely manner and get its message across through media briefings and interviews.
The central bank reaffirmed that it would maintain a prudent and neutral monetary policy while preventing financial risks.
