PBOC will fine-tune policy in H2
Source: Xinhua |
August 6, 2012, Monday
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Print Edition
Print Edition
CHINA'S central bank said yesterday it will strengthen the fine-tuning of its monetary policy in the second half of this year, indicating as many analysts believe that more liquidity may be injected into the world's second-largest economy.
Monetary policy should play a counter-cyclical role in the country's economy and credit policies will be improved to shore up the development of the real economy, the People's Bank of China said on its website.
It reiterated the significance of making monetary policy more forward-looking, targeted and effective to support relatively fast economic growth.
The statement came as analysts anticipate further cuts in interest rates and the reserve requirement ratio as inflation has eased and demand for its products has slipped.
Monetary policy should play a counter-cyclical role in the country's economy and credit policies will be improved to shore up the development of the real economy, the People's Bank of China said on its website.
It reiterated the significance of making monetary policy more forward-looking, targeted and effective to support relatively fast economic growth.
The statement came as analysts anticipate further cuts in interest rates and the reserve requirement ratio as inflation has eased and demand for its products has slipped.
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