PBOC to continue prudent monetary policy

Central bank may consider more easing measures to ensure adequate liquidity

The People's Bank of China, the central bank, will continue with its "prudent" monetary policy in the second half of the year, but may consider more easing measures to provide sufficient liquidity in the financial market and ensure adequate capital for government-led investment programs.

The central bank said it would adopt a more flexible approach, use various policy tools and take necessary fine-tuning steps, said a PBOC statement after a meeting attended by Governor Zhou Xiaochuan and branch heads in Beijing on Wednesday.