Central Bank to 'moderately' tighten monetary policy

Updated: 2007-07-03 18:56

China's central bank said it will "moderately" tighten monetary policy to control investment and lending growth and prevent the economy overheating this year.

The statement was posted on the bank's Web site today after a monetary policy meeting for the second quarter.

The bank reiterated pledges to continue to reform its exchange-rate system and to give the market a bigger role in setting the yuan's rate.

Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours