China's central bank meets the press

Slow recovery, Europe remain biggest uncertainty: China central banker The governor of China's central bank said Monday that a slow world recovery process and the unstable economic and financial situation in Europe will be the biggest uncertainty for China's economy this year. Full story Yuan's exchange rate increasingly decided by market: PBOC governor A trade deficit in the first two months this year and its impact on the exchange rate of Renminbi is "a good thing" for China, the governor of China's central bank said Monday. Full story Central bank says no plan to issue larger denomination banknotes Hu Xiaolian, deputy governor of the People's Bank of China, the central bank, said here Monday that the central bank is not planning to issue larger denomination banknotes in the short term. Full story China to continue diversifying holdings of foreign bonds: SAFE head China's chief foreign exchange regulator said Monday China will continue to implement the principle of diversifying its investment in foreign bonds, saying its holdings of eurozone bonds did not register losses as a portfolio. Full story Lowered RRR not to boost stock, property market: central bank governor China's central bank governor said here Monday that cuts on reserve requirement ratio (RRR) were not to boost capital market confidence or improve property market liquidity. Full story World Bank chief selection doesn't deserve much attention: Zhou Xiaochuan China's central bank governor Zhou Xiaochuan said Monday that not much attention should be paid to the selection of the new chief of the World Bank