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China sticks to moderately easy monetary policy

(chinadaily.com.cn)
Updated: 2009-09-18 16:14

Related readings:  It's time to adjust monetary policies to slow loan expansion  Outgoing monetary chief sees no need to change peg policy  Easy monetary policy to continue  Monetary policy adjustable on economic situation - official  China's central bank reassures on monetary policy

The People's Bank of China (PBOC), the central bank, will maintain a moderately easy monetary policy to ensure the stable development of the economy, the vice governor of the PBOC Su Ning said on Thursday, according to Guangzhou Daily.

Su said although China's foreign trade has bottomed out, it is unlikely that the world economy will recover in the near future. The central bank will stick to the current monetary policy in the second half of this year and next year, to ensure stable economic development.