Chinese Central Bank To Continue Moderately Loose Monetary Policy

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The Chinese central bank said it will maintain a moderately loose monetary policy. In a report released by the People's Bank of China on Wednesday, the central bank pledged to adopt market tools to guide the appropriate growth in credit growth.

Deputy Governor of the central bank, Su Ning said the PBoC will unswervingly continue to implement appropriately loose monetary policy and consolidate the momentum of economic recovery. He added, "We should focus on market oriented tools rather than quantitative style measures, flexibly using various monetary policy tools to promote appropriate monetary and credit growth."

The Chinese central bank said it will maintain a moderately loose monetary policy. (Market News Provided by RTTNews)