Government and Policy
PBOC reaffirms moderately loose monetary policy for 2010
(Xinhua)
Updated: 2009-12-31 13:47
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BEIJING: Zhou Xiaochuan, governor with the People's Bank of China, or the central bank, reiterated Thursday that the government will maintain the moderately loose monetary policy in 2010 and improve the focus and flexibility of the policy according to circumstances.
Zhou underscored that more financial support should be given to transform the economy's development pattern, develop agriculture, help farmers and rural areas progress, and expand domestic consumption in 2010.
He also urged to deepen the reform of financial systems, improve the service function of the financial industry to better support the real economy, promote the balance of international payments, and effectively guard against and reduce financial risks.
