Relatively Loose Policy To Continue
Source: Xinhua |
July 9, 2010, Friday
|
Print Edition
Print Edition
CHINA will continue its relatively loose monetary policy during the latter half of the year to maintain the consistency and stability of macro-economic policies, the People's Bank of China said yesterday.
"We will apply multiple monetary tools to maintain an appropriate growth in money supply, and adjust the credit structure to reduce risks," the central bank said in a statement after its second-quarter meeting.
The PBOC reiterated it would improve the yuan's exchange rate mechanism and adjust its value with a basket of foreign currencies.
It also vowed to ramp up risk-prevention efforts in developing the nation's financial system.
"We will apply multiple monetary tools to maintain an appropriate growth in money supply, and adjust the credit structure to reduce risks," the central bank said in a statement after its second-quarter meeting.
The PBOC reiterated it would improve the yuan's exchange rate mechanism and adjust its value with a basket of foreign currencies.
It also vowed to ramp up risk-prevention efforts in developing the nation's financial system.
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