Moderate policy will keep going later this year

The quarterly meeting held recently at Beijing on monetary policy under the guidance of the People’s Bank of China, pointing the world economy is getting warmer and warmer, but still mined with much uncertainties. As to China’s status, the nation has maintained a sound development toward satisfactory prospect of macro controlling with paralleled growth amid consumption, investment and exportation which may boosting economic uptrend, yet it leaves behind heavy tasks in reining inflation expectations, for sustainable faster economic growth and restructuring or transition of development mode.

Destructions at the meeting, the central bank calls for insistence in moderate easy policy later this year, according to unified plans of the country, and handling well policies with flexibility, continuity and stability in pursuing above-mentioned tasks, on basis of  better conditions in the first half year, with rational increase of credit and proper liquidity as well as the progress of yuan’s rate reform.

The meeting is presided over by Zhou Xiaochuan, head of PBOC, attended by officials from monetary commission and its branch office at Wuhan.