Central bank governor foresees 'stable' policy

China will keep its monetary policy stable even though the European Central Bank might announce a decision on Thursday to buy government bonds and loosen monetary policy, the chief of China's central bank said.

But Zhou Xiaochuan, governor of the People's Bank of China, said that policy uncertainties in the European Union have been partly responsible for increased volatility in global financial, securities and commodities markets.

"For the central bank, we want, basically, to keep monetary policy stable because this is not a nationwide serious problem," Zhou said on Wednesday at a global markets panel discussion during the World Economic Forum in Davos, Switzerland.